Simply4ex

Binance Coin (BNB) Where to next?

Long
BINANCE:BNBUSD   Binance Coin
BNB had a rather aggressive move to upside and subsequently a larger correction below 61.8% fib level. It recently broke a Descending channel and also another descending trendline to resume its uptrend.

See anticipated trajectory to last all time high. Expect profit taking at that level and possible strong retrenchment.

Stay tuned for the next target depending on how it behaves at $350 level

This idea is long term investment and not for intraday trading.

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