Binance Coin has bottomed out at $258 (found in my last post check link below) and is now on another parabolic cycle upwards towards $600 and above.
The local high at $676 is the target that BNB is going to ry and hit before reaching price discovery and potentially hitting $1000 as people on Twitter keep saying.
Following the path of BTC and ETH as benchmark movers in the space, BNB doesn't lag too far behind them and copies their moves up and down.
At the moment, BNB has regained this key uptrend and is now going to easily hit the $432 April 2021 swing low level.
From there BNB is going to wick the downtrend and once it breaks out of that it will start heading upwards to $600 - $638.
As always please do your own research, I am not a financial advisor.
The local high at $676 is the target that BNB is going to ry and hit before reaching price discovery and potentially hitting $1000 as people on Twitter keep saying.
Following the path of BTC and ETH as benchmark movers in the space, BNB doesn't lag too far behind them and copies their moves up and down.
At the moment, BNB has regained this key uptrend and is now going to easily hit the $432 April 2021 swing low level.
From there BNB is going to wick the downtrend and once it breaks out of that it will start heading upwards to $600 - $638.
As always please do your own research, I am not a financial advisor.
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Quick update looking at the 4-hour, BNB soared through $484 as well as the downtrend holding back the price. I'm expecting a period of consolidation around the $484 level & backtesting the downtrend before it moves up towards the $596 and $600+ targets before hitting price discovery zone.
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Disclaimer
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.