Cryptolean Binancecoin BNB UpdateYesterday Binancecoin could not close above $529.
Today, a bullish Bitcoin Dominance put pressure on the Satoshi value of BNB and we saw an intraday pullback to $505.
A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600.
An inability to sustain could lead to a re-test of $505 and a dip lower to the key daily support zone at $455-$477.
Intraday Chart
The BNBUSD intraday chart is taking a pause and consolidating.
It is trading in the bullish territory through.
A re-test of the key intraday support at $507 and a bullish rejection will push #Binancecoin price towards $544.
A bullish break-out of $544 will result in a bullish rally towards $588-$620.
A bearish break-out of $507 will lead to a dip towards $472 support and, possibly lower, to $438. .
IMPORTANT: The BNBUSD chart is holding strong and consolidating in a narrow range which is totally normal after last days bullish extension.Once Satoshi price in BNBBTC chart will find a support and reverse, the Dollar price in BNBUSD chart will extend higher.
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