WalterMoon

BNBUSDT - Price can bounce up from support level to $560

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊

A not long time ago price entered to rising channel, where it bounced from support level and rose to resistance line of channel.

After this movement, BNB turned around and ina short time declined to support line of channel and soon broke it.

Price left rising channel, broke $392 level, and declined lower, but soon it turned around and started to move up in new channel.

In this channel, BNB broke $392 level again and later reached $508 level, which broke soon too, and then made retest.

Then price tried to rise more, but failed and now trades very close to support line of rising channel.

In my mind, Binance Coin can decline to support level, after which it bounces up to $560

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