BNB made fake breakout and now can fall to support zone
Hello my friends, today I want to talk to you about BNBUSDT.
I made a few conclusions about Binance Coin.
At the moment price trades inside of wedge.
Recently price bounced from resistance level to support zone.
Then BNB bounced up and made fake breakout of resistance line.
I expect that Binance Coin can fall to support line which coincide with bottom part of support zone which also boosts this level as a support level.
That's why I set up my target at $280 level.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
I made a few conclusions about Binance Coin.
At the moment price trades inside of wedge.
Recently price bounced from resistance level to support zone.
Then BNB bounced up and made fake breakout of resistance line.
I expect that Binance Coin can fall to support line which coincide with bottom part of support zone which also boosts this level as a support level.
That's why I set up my target at $280 level.
I expect such a scenario.
This is an article not financial advice, always do your own research.
If you still have questions, you can write it in the comments below and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.