After exited from pennant, Binance Coin can rise to 245
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see how the price recently bounced down and fell to the support line, thereby breaking the 235 support level, which coincides with the buyer zone. After this BNB at once bounced of the support line and rose to the resistance level, breaking the support level again, but when the price reached the 250 level, it rolled down to the buyer zone, which coincide this time with the support line. Next, BNB rose to the resistance level again, then made a little correction and continue to move up to the resistance line, thereby breaking the seller zone and resistance level. But after this, the price bounced down and fell below to support line, forming upward pennant pattern. Also a not long time ago Binance Coin broke the support line, thereby exiting from pennant and now trades below. I think that price can continue to rise to the support line and after BNB reached it, the price can make a little correction and then bounce up. For this case, I set up my target at the 245 level. Please share this idea with your friends and click Boost 🚀
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🔷Join my telegram channel for free - bit.ly/4g4wovR
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
💰Want receive more profitable signals for Crypto & Forex market, write me 👉 bit.ly/4fNijD8
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.