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In this article, we share a recent analysis of Binance Coin (BNB) previously shared in our premium group. Are you not yet a member or do you still have questions after reading this article? Then try our Premium membership for free for 30 days.
Technical analysis BNB price
The past few days have been quite difficult for the crypto market. Many prices, including bitcoin (BTC), are down more than 10%. The binance coin price held up relatively strongly, but still fell by more than 8%. Still, that’s in line with what Crypto Insiders’ analysts had expected. They informed Premium members at the beginning of the week that the BNB price is in a downward trend:
“BNB does exactly what it should do, which is to make lower bottoms. We expect the coin to continue doing this until the green buy zone on the chart is between $265.3 and $279.2.
The price appears to be making a second wave of a 12345 Elliott Wave pattern. As a result, we expect the price to enter the golden pocket of Fibonacci, i.e. the 50% and 61.8% levels.”
We now know that the price has done exactly this. BNB fell to $265.2 yesterday, just $0.10 off expectations. Since this price, the price has already made a small increase of 5%. The analysts are now working on a new analysis for BNB that will soon be available in the Premium environment.
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