Binance Coin can rise higher than resistance line and then fall

Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price some days ago started to rise in an upward channel, where it soon broke the 360 support level, which coincided with the buyer zone, and in a short time later reached the resistance line of the channel. After this price made the correction and then continued to rise in the channel to the current support level, which is located in the support area. In a short time, BNB broke this level too and soon reached the resistance line of the channel, but at once price turned around and exited of channel and then declined to the 400 level. After this movement, the price rebounded from this level and started to rise, but later it made a downward impulse to the 360 level. Soon, the price turned around and at once made a strong upward impulse back and even higher. So, at the moment, BNB trades very close to the resistance line, therefore I think Binance Coin can rise a little higher than the resistance line, after which the price will turn around and start to decline. For this case, I set my TP at - 420 points. Please share this idea with your friends and click Boost 🚀