BNB-USD LONG opportunity according to price channel / action?
The Binance crypto exchange. During the gold rush, the sure fire route to success was to sell pick axes and shovels. Binance are certainly benefiting from the cyrpto gold rush today. The BNB token has become a bit of a hedge in the crypto markets and has been following a long a upward trend as shown.
Price is now above dynamic support, indicated by and price action analysis.
LONG Entry $14.10
Stop loss: $13.20
Target 1: $16.10
Risk Reward: 2.2
Long Term Target:
Target 2: $18
Target 3: $20Trading price is now above dynamic support and by price action analysis.