Looking at the daily time frame of Binance Coin, we see that BNB has regained the uptrend and is squeezing in between this wedge and the $432 (April 2021 Swing Low level). BNB is going to breakout to the topside and continue to hold this trend as well as gain $432 as a level of support.
Binance Coin bounced off of the Feb 2021 Swing High level at $333 - $348 and swiftly rejected upwards, forming a sudden valley.
My targets moving forward if BNB gains $432 as a level of support and breaks out of this downtrend:
TP1 🎯 $484.50
TP2 🎯 $505.00
TP3 🎯 $596.70
TP4 🎯 $638.60
As always please do your own research, I am not a financial advisor.
Binance Coin bounced off of the Feb 2021 Swing High level at $333 - $348 and swiftly rejected upwards, forming a sudden valley.
My targets moving forward if BNB gains $432 as a level of support and breaks out of this downtrend:
TP1 🎯 $484.50
TP2 🎯 $505.00
TP3 🎯 $596.70
TP4 🎯 $638.60
As always please do your own research, I am not a financial advisor.
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Quick update on the 4-hour time frame of Binance Coin (BNB) we can see that BNB is coming up towards TP1&2 at the distribution zone placed at $484 - $505.
There is a massive amount of accumulation above the April 2021 Swing Low level placed at $432, also Binance Coin closed above this downtrend and is now using the topside of this downtrend as a level of support, prepping it for the launch to $484.50
There is a massive amount of accumulation above the April 2021 Swing Low level placed at $432, also Binance Coin closed above this downtrend and is now using the topside of this downtrend as a level of support, prepping it for the launch to $484.50
