Binance coin is still bullish despite negative news

Gregor Horvat Wavetraders

The Commodity Futures Trading Commission alleged in federal court in Chicago that Binance and its CEO, who is known as CZ, routinely broke American derivatives rules. Binance, CEO Zhao Has Been Sued by CFTC Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products.

Binance coin with ticker BNBUSD is slowing down, but still looks corrective within uptrend. Don't get trapped with negative news. We are still tracking subwave 2 that can find the support here around 300 level. If BNB recovers back above 330 level, then we can easily expect a bullish continuation within the steepest wave 3 of (3).

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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