Looking at Binance Coin (BNB) on the daily time frame it is currently holding the April 2021 Swing High as support and is using that momentum to push through the $505 resistance level.
This pattern is a continuation of the May cycle and this next move upwards will complete the second cycle. BNB is looking strong as it bounced and held the uptrend extending from the first cycle and is going to ladder up to previous / new highs. The next targets i'm looking at for BNB are:
TP1 🎯 $596
TP2 🎯 $638
TP3 🎯 $676
After these levels we're going to enter a period of price discovery for Binance Coin and reach newfound highs.
Thanks for your support traders!
As always please do your own research, I am not a financial advisor.
This pattern is a continuation of the May cycle and this next move upwards will complete the second cycle. BNB is looking strong as it bounced and held the uptrend extending from the first cycle and is going to ladder up to previous / new highs. The next targets i'm looking at for BNB are:
TP1 🎯 $596
TP2 🎯 $638
TP3 🎯 $676
After these levels we're going to enter a period of price discovery for Binance Coin and reach newfound highs.
Thanks for your support traders!
As always please do your own research, I am not a financial advisor.
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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.
Related publications
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.