BNBUSDT DOUBLE TOP PATTERN
- If neckline of this double top break huge falling is expected.
Analysis :
- DOUBLE TOP PATTERN
- SUPPORT and Resistances
- Target 414$ - 223$
What Is Binance Coin (BNB) ?
BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online.
It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO .
However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now no longer hosted on Ethereum .
BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad.
BNB also powers the Binance DEX (decentralized exchange).
- Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure)) press like👍 if you enjoy💚
Analysis :
- DOUBLE TOP PATTERN
- SUPPORT and Resistances
- Target 414$ - 223$
What Is Binance Coin (BNB) ?
BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online.
It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO .
However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now no longer hosted on Ethereum .
BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad.
BNB also powers the Binance DEX (decentralized exchange).
- Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure)) press like👍 if you enjoy💚
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