BNBUSDT (Binance Coin) - Coin of the Week
Launched in July 2017, Binance is one of the biggest cryptocurrency exchanges globally. By aiming to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.
Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organizations are attracting significant interest as well. One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem.
Technically, BNB started an up wave like all the other big market cap cryptocurrencies on the 20th of July. We find ourselves in a uptrend characterized by higher highs and higher lows that respects the blue trendline marked on the chart. We see a correction happening in this area that will probably retrace to the trendline or higher and then a continuation to the upside. The price can continue to the upside without a correction here, or make a correction later.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organizations are attracting significant interest as well. One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem.
Technically, BNB started an up wave like all the other big market cap cryptocurrencies on the 20th of July. We find ourselves in a uptrend characterized by higher highs and higher lows that respects the blue trendline marked on the chart. We see a correction happening in this area that will probably retrace to the trendline or higher and then a continuation to the upside. The price can continue to the upside without a correction here, or make a correction later.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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