BNBs future direction is depended on 2 Trend lines, The blue one and Red one, Although the price is still moving in downtrend channel but there is hope that it gets out of that.
Bullish scenario: If we see a daily candle close above the blue trend line we have witnessed the Break out of the channel! and according to channel break out targets, we can see a 50% rise in price. In this scenario targets for BNB will be the previous top(433$) and much more if the 466$ resistance area will be broken up.
Bearish scenario: If The price will lose the 300$ support in daily candles, we will see the 223$ and lower as the next target.
Good luck!
Bullish scenario: If we see a daily candle close above the blue trend line we have witnessed the Break out of the channel! and according to channel break out targets, we can see a 50% rise in price. In this scenario targets for BNB will be the previous top(433$) and much more if the 466$ resistance area will be broken up.
Bearish scenario: If The price will lose the 300$ support in daily candles, we will see the 223$ and lower as the next target.
Good luck!
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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.
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.