Even with a 600% appreciation between February and March, Binance Coin (BNB) has not yet reached its maximum, according to the trader known as Kaleo.
On Tuesday (30), the expert carried out an analysis through a series of publications in the Twitter. However, instead of using the pair with the dollar, Kaleo used the pair with Bitcoin (BNB / BTC).
At the end of his analysis, he concluded:
“It is not too late to catch this high from BNB. Look at the chart with Bitcoin. The rally will not stop until the historic high is broken, and the breakthrough movement is just beginning. ”
Cryptocurrency on the rise
After a period costing approximately R $ 150, the BNB token registered its first most expressive signal on February 14, firing up to approximately R $ 717.
In the following days, the cryptocurrency entered an exponential rise. At the time of writing, the digital asset is quoted at R $ 1,738.52.
BNB / BTC Chart
Analyzing the chart, Kaleo notes that Binance Coin appreciated against two other assets.
When compared to the dollar, BNB registered an increase of 10.26% in the last 24 hours. However, what draws the most attention is the cryptographic pair with BTC.
Even with the Bitcoin appreciation following the news from PayPal involving the adoption of BTC as a form of payment, BNB still surpassed the largest cryptocurrency in the market by 8%.
Thus, the trader argued that the BNB upturn is still in its infancy.
BNB / USD Chart
Anyway, Kaleo also analyzed the BNB / USD chart. According to the trader, BNB will make a bullish move anyway, but there are two scenarios.
In the first scenario, BNB still fires at the present high. The second scenario, on the other hand, foresees a possibility of correction which, after a few days, will be followed by a high explosive.
“On any of the lines drawn, BNB will go up.”
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