Binance Coin can rebound from support level and start to move up
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Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago rebounded from the 250 resistance level, which coincide with the seller zone, and made a strong downward impulse to the support line, thereby breaking the 240 support level. After this movement, BNB bounced up and rose to the resistance line of the triangle and soon started to fall. Price fell to the support level, which coincide with the buyer zone, and later declined more to the support line again. Then Binance Coin rebounded from the support line, made an upward impulse to the resistance line, and a not long time ago fell to the 240 support level. Also recently, the price made a fake breakout of the resistance line of the triangle and at the moment, the price continues to trade near the 240 level. In my mind, BNB can rebound from the support level and start to rise to the resistance line of the triangle. Then price can exit from the triangle and continue to move up. For this case, I set up two targets, the first target at the 245 and second - at the 250 resistance level. Please share this idea with your friends and click Boost 🚀
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.