Binance Coin (BNBBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Binance Coin began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on June 18 this year, and the red wave two (blue sub-waves a-b-c) correction ended on July 24. If this wave count is correct, Binance Coin should be heading next towards the June 18 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here is the link to the news video by Altcoin Buzz that could have caused the recent breakout in the price of Binance Coin.
(Sources: https://www.binance.com/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Binance Coin will takeout the June 18 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Binance Coin will drop below the July 24 low".
If you think Binance Coin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Binance Coin will stay in a trading range between the July 24 low and the June 18 peak until September 7".
(Chart courtesy of Tradingview.com (log scale))
You can upvote the comment until 3 PM EST August 6 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Binance Coin will stay in a trading range between the July 24 low and the June 18 peak until September 7 (33 voters as of 3 PM EST August 6: bleujay, toofasteddie, gregory-f, bentleycapital, glennolua, soundmoney, komischername, crokkon, abh12345, allyouneedtoknow, koskl, misalen, jznsamuel, jozef230, starline, erikaflynn, amity123, themovieplace, steem-d-anlovnit, mgood, mike11, biomanu, mirda, diogosantos, pario, dine77, techlife, chotho, jlordc, apple96, rothberg, richard78624, margaritaradkova).
Binance Coin will drop below the July 24 low (7 voters as of 3 PM EST August 6: sqlinsix, skepticology, vicspics, steemit.nemesis, galasek, punjolife, portillo).
You won. Paid out from @maarnio1
Binance Coin will takeout the June 18 peak (15 voters as of 3 PM EST August 6: lydon.sipe, ace108, kunschj, cryptotem, barbadosso, costanza, reconnectnature, tzap90, bitbrain, milano1113, marverick984, mitrado, mellofello, fullcoverbetting, nordina).
Nice post @maarnio. I think BNB has a very bright future.
Thanks workin.
Looks good so far.
👍👍👍👍👍👍👍💕💕
I followed you and up vote you, please follow back @hammad41
Please help I am beginner