5–1–2018 $BNB Price Analysis

Alright, this is usually what I throw in the Discord. But I want to give some freebie examples to give everyone a better feel for how I make some of my decisions (not financial advice). Let’s check out $BNB.

This is $BNB on the daily.

This looks like one of those ‘fractal’ patterns that folks keep talking about in the crypto sphere. Although I don’t really follow that too closely as it doesn’t feel that concrete for me.

I’m not talking about the chart pattern, but the actual concept of fractals themselves:

I personally think there isn’t much point investing here unless $BNB rockets over this trendline out of nowhere.

This trendline is pretty solid though because the price has nudged against it several times.

Source: https://www.dailyfx.com/forex/education/trading_tips/trend_of_the_day/2013/08/20/3_Tips_For_Trendline_Trading.html

For those that don’t know ^ The more times a price hits a trendline, the more important that trendline becomes.

There aren’t too many other things to note for $BNB in terms of price. However, there are a few interesting things going on with Binance at the moment ( which I think should be considered )

Fundamental Analysis

Quantstamp Audit of Binance’s ERC20 Tokens Confirms They are Safe to Trade

It has been an interesting week for all ERC20 tokens. Despite their popularity, a fair few tokens were vulnerable to a recently documented exploit. As such, the Binance exchange took matters into its own hands. By partnering with Quantstamp, a thorough audit of the platform’s listings was conducted.

This is definitely good news and once again some bullish information for $QSP (I suggested that they should use this ERC20 token overflow problem as a way of showing off their project).

Quantstamp Audit of Binance’s ERC20 Tokens Confirms They are Safe to Trade

It has been an interesting week for all ERC20 tokens. Despite their popularity, a fair few tokens were vulnerable to a recently documented exploit. As such, the Binance exchange took matters into its own hands. By partnering with Quantstamp, a thorough audit of the platform’s listings was conducted.

Quantstamp Audit of Binance’s ERC20 Tokens Confirms They are Safe to Trade

It has been an interesting week for all ERC20 tokens. Despite their popularity, a fair few tokens were vulnerable to a recently documented exploit. As such, the Binance exchange took matters into its own hands. By partnering with Quantstamp, a thorough audit of the platform’s listings was conducted.

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