On the 4h chart, we see that BNB exited the descending triangle, which was the upper limit of the bearish channel, broke through the downtrend and reversed it into support.
The movement continues within the boundaries of the ascending channel, so it is quite logical to expect a rebound from the boundaries of the channel, followed by growth within it.
The main target will be touching the upper border of the channel as resistance.
In case of a breakout of the uptrend channel, we can expect a subsequent increase to the resistance of the local high.
The movement continues within the boundaries of the ascending channel, so it is quite logical to expect a rebound from the boundaries of the channel, followed by growth within it.
The main target will be touching the upper border of the channel as resistance.
In case of a breakout of the uptrend channel, we can expect a subsequent increase to the resistance of the local high.
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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.