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BNBUSD Is there any salvation for the Binance Coin?

The Binance Coin / BNBUSD had a week of enormous selling pressure last week, touching on Monday Support A (220.00), that was formed on the December 17th Low.

This is a strong long term buy opportunity. Target initially Resistance A at 318.00 and by the end of August Resistance B at 350.00.

As shown, the primary pattern is a Rectangle.

If the price closes under Support A, target Support B at 194.00 on the short term. However given how emormously oversold the 1day RSI got (at 15.00) on Monday, this is unlikely. Still that would be an ever better long term buy opportunity.


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