Given that there is a lot of chatter about ETH being too expensive to use, BNB is being pitched as the alternative to ETH in the DeFi space. With that said lets take a look at the BNB/ETH pair to see if we can find a meaningful growth target, that we can then translate to USD on the BNB/USD pair.
Using our Trend Based Fib Extension, focused on the previous ALL TIME HIGH, we can see from the BNB/ETH Pair that BNB is gathering more value against ETH.
Target 1 at 332 Target 2 at 423
Comment
The BNB/ETH Comparison chart should have some markup on it ! Damn you trading view! Draw it yourself. Monthly. Fib Extension. Bar1 - 0.004006 - 0 Bar2 - 0.146708 - 76 Bar3 - 0.028535 - 197
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