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BNBUSDT - Price can break resistance level inside rising channel
Binance Coin / TetherUS
Long
BNBUSDT - Price can break resistance level inside rising channel
By WalterMoon
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May 5
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May 5
Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in commentsđź‘Š
Recently price entered to falling channel, where it soon broke resistance level, which coincided with resistance area.
After this, BNB reached resistance line of channel and then bounced down to support line, breaking $604 level again.
Then price made downward impulse, exiting from falling channel and breaking $560 level.
But then, BNB turned around and started to grow inside rising channel, where it broke $560 level again and continued to grow.
Later price reached resistance line of channel, but at once bounced and fell to support line, where now it continues to trades near.
In my mind, Binance Coin can bounce up from support line of channel to $615, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
binance
BNB
BNBUSDT
coin
Parallel Channel
Support and Resistance
Trend Analysis
usdt
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