Binance Coin has been trading in the zone between $27.19 & $31.14 ever since rejecting off of the $31.14 resistance level at the end of the month.
From the rejection off of that weekly resistance level, BNB found its bottom at $27.19 and has started its reversal upwards, now sitting at $29, it is going to continue moving up if BTC keeps rising and potentially even hits all time highs this week. This being said, a short-term for BNB would be $31.14 because that is the next major level of resistance in the path for BNB.
I think this dip down was pure capitulation.
Long Targets
TP1 🎯$30
TP2 🎯$31.14
As always please do your own research, I am not a financial advisor.
From the rejection off of that weekly resistance level, BNB found its bottom at $27.19 and has started its reversal upwards, now sitting at $29, it is going to continue moving up if BTC keeps rising and potentially even hits all time highs this week. This being said, a short-term for BNB would be $31.14 because that is the next major level of resistance in the path for BNB.
I think this dip down was pure capitulation.
Long Targets
TP1 🎯$30
TP2 🎯$31.14
As always please do your own research, I am not a financial advisor.
