Lingrid | BNBUSDT Market Readies for a Potential Surge
The price perfectly fulfilled my last idea. It hit the target. BNBUSDT market is currently consolidating above the key level at 700, indicating a potential accumulation phase. Given that the price has been forming higher highs and higher lows, there is a bullish sentiment developing. The recent break and close above the previous weekly highs further supports this bullish outlook. Considering the recent price drop of 20% and the fact that it has spent over 20 days moving sideways, there is a strong possibility that the market could experience a significant surge in the near future. The consolidation period often sets the stage for a breakout, and if the upward momentum continues, we may see a substantial bullish move. My goal is resistance zone around 770.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.