The Fibonacci Retracement tool is a statistical tool used as a support and resistance tool based on the Fibonacci ratios. I'm strongly betting BNB may pull back to $480 (0.236 Fib level) anytime soon probably as low as $400 which tallies with the 0.382 level.
The 0.5 Fib level corresponds to $350 but this may not likely happen anytime soon with the very bullish momentum.
The 0.5 Fib level corresponds to $350 but this may not likely happen anytime soon with the very bullish momentum.