Things have started to "heat up", as per the tweet from Binance Twitter page.
Coin burn is going to take place soon.
AAaaaaannddd,
One of the famous star celebrities and singer Akon will be joining the Binance Virtual conference as per this tweet!!
https://twitter.com/binance/status/1282132570260426753
- binance
It will be good for the overall crypto market to have these personalities rolling into this space:)
Source:
https://twitter.com/binance/status/1282179619928465414
- binance
Binance has established itself as one of the most profitable cryptocurrency businesses, and it seems to be displaying the same strength even now, starting from 2018 year end.
Disclaimer: I urge you to make your own decisions as well instead of blindly following what everyone else is saying! This can give you a good edge in the markets. Its always better to #DYOR, like the OGs say! :)
Bonus:
Overall bias on $BNB: Bullish
BNB/BTC 1D
Chart:
Link: https://www.tradingview.com/x/KFVjL42e/
Overall Bias: Bullish
Critical zones have been marked on chart!
Do have a look at the supports and resistances :)
Points to note:
- Breaking out of the falling wedge on Daily.
- R:R looks decent, provided you have the patience, and accept that there is also a downside.
- Coinburn event, which seemed to be perfectly timed with this breakout (will reduce supply)
- Virtual meet with well known Singer/Celebrity, Akon (should be triggering public interest)
Note: Do Coin burns actually impact the Supply/Demand so as to pump up the price?
My personal opinion: No, and also yes.
No because: They are burning coins that are already in their hands.
Yes because: It will affect indirectly, as they will not sell those coins in the market, and rather burn them, so investor confidence will improve, which will indirectly increase demand.
BNB/USDT 1D
Chart:
Link: https://www.tradingview.com/x/lFXytech/
Overall Bias: Neutral/Under pressure to breakout
Critical zones have been marked on chart!
Points to note:
- Retested the resistance around $18 multiple times, which is making it weaker,and looks primed for breakout.
- Trading above moving averages (good)
- Probably price prediction marked on chart, if it breaks out.
Thank me later if you get some decent amount of money/bitcoins in this trade. :D
Fundamentals: Probably one of the most talked coins with a lot of "Shillers"(lol)
They have a solid team, been delivering the expected, so there's limited downside even if you hold for long term, but DYOR
Again, I'll advice against getting 'married' to any project :P
If you want to read more, I've found a decent link about the fundamentals here:
https://medium.com/@lunaracademy/siacoin-sc-fundamental-review-6b8467ff5c9b
I'm not affiliated with them
#DYOR, Happy trading, Upvote and share with friends if you found this useful! :)
If you like this content/setup, consider giving an upvote and share among your circles, to motivate me to keep on sharing setups and trade ideas :)