BNB- WHATS NEXT??! Here's a teaser.....Its gonna be big and soon

OK, so if you look at my prior analysis on BNB, its confirmed and happened exactly as anticipated. I'm gonna speed write this because its very VERY timely to publish.

Alot going on in the chart. But i extracted the prior parabolic move in february (admittedly blown up to illustrate for comparison purposes but NOT intended to be 'to scale'. not for fib comparison (although those line up to when scaled properly)).

Certainty: Prior parabolic cycle was classic EW 1,2,3,4,5/ABC

Probability: This cycle is going to play out the same way....Heading to the equivalent light green upper for support.

HOWEVER...This time the B line on the ABC correction held comparative support and depending on what candle frequency you use, a bull might say that its use case, low fees and proliferation of its existance to retail MIGHT develop enough support to flip this correction into a large bull flag (continuation pattern)....If this was the case, it would put BNB up near $750 or $800 in a month...From a 'beyond fundamentals' analysis, i honestly wouldn't laugh at that kind of valuation....Albeit temporarily. That is, i dont see a valuation for BNB from a market cap perspective being that sustainable as this is a CEFI coin taking advantage of growth pains in a fledgling world that WILL grow into (and demand) a cefi world.

I'm ok with CEFI helping DEFI hold itself accountable and identify imperfections for which to improve. I'm also ok with making a little money betting on cefi in the meantime. NNEXO has made me a nice steady return AND is a great margin provider..

However, like NNEXO, i do NOT want to be dependent on CEFI (or god forbit have CEFI holding m bags when the carousel stops spinning). This ride will end (or at least slow down considerably) between cycles. I want my assets under my control and easily convertable when SHTF...

Conversely when DEFI really takes off this season and we do migrate to 1559 and gas fees continue to drop and we can borrow and lend completely trustless with more consistent (less volatile) apy's, staking fees, etc......BNB's purpose and value will deminish.

In the meantime. Im neutral right here. Like as in RIGHT NOW. It could continue its ABC correction and be $450 in 3 days. Or it could break above its downward trending upper resistance and confirm a bull flag continuation pattern that takes it up to 750.....Last note about CEFI....unlike (or to a lesser extent) defi price is not as easily manipulated. A CEFI coin value can be comparitively manipulated by releasing more coins into circulation (i know both defi and cefi share those charachteristics but the interest and decision making to do so are more democratic). But more important destinction is incentives can be developed on a shorter time frame. Like the CAKE/BNB 'gamification' 'EASTER CHALLENGE' that was coincidently launched on April 4th (the match that lit the fire possibly). Or the timing AND APY offered for staking BNB (still a WHOPPING 34% APY to stake BNB on Trust Wallet).

Its this kind of control that CEFI powers have on valuation or interest that keeps me weary of entering a MASSIVE short on this coin. I would be all systems go if it weren't for these external factors. A quick move or adjustment at the right time could turn this ABC correction into a GIANT bull flag continuation pattern.



Time will tell. Like time as in the next 1-2 days (pretty quickly).

THIS IS MY PERSONAL DIARY/BENCHMARKING TOOL. ITS FOR MY OWN REASEARCH AND NOT FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR.

-McGorgeous