LegionQ8

After exiting from pennant, Binance Coin can continue to grow

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few days ago traded inside a big range, in which it some time declined to the 238 resistance level, which coincided with the resistance area, but at once rebounded to the top part of the range. After this BNB bounced and started to decline to the resistance level again, but this time price broke the 238 level and made a strong downward impulse below the 215 support level, thereby exiting from the range too. Then Binance Coin rolled up and tried to rise, but failed and declined lower to support line of pennant. Later, the price rebounded from the support line and rose to the resistance line, thereby breaking the support level, which coincide with the buyer zone. As well recently BNB exited from pennant and now trades near. Probably Binance Coin can decline to the support level, and then it can rebound from this level and continue to move up. For this reason, I set up my target at the 225 level. Please share this idea with your friends and click Boost 🚀

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