Binance coin (BNB) vs USD - Target - $70

Lots of Bullish indicators for this alt-coin following Ethereum obvious bullishness. In fact BNB is Bullish against the Ethereum pair - make of that what you will.

On the 1-day chart above we have price action with support on the 21-day moving average amidst narrowing Bollinger Bands (not visible here) following a life cross (June 2nd) of the 50-day crossing the 200-day moving average to the upside. Make no mistake, BNB is in a bull market (i.e. Price action above 200-day MA & life cross).

Below we have a very impressive weekly chart. 3 Bullish indicators are visible.

1) Bullish divergence of price action versus money flow (bottom oscillator)
2) Price action support on the 21-week moving average indicating we're in a bull market
3) Volume. Lots of it. On the previous lows buying was intense, as it was on our recent higher low during the month of March.

Finally the monthly chart: 2 things:

1) Price action is on the 21-month moving average

2) Monthly Dragonfly DOJI. If you've read to all the way to here - well done you! I say that because in my opinion this is the most important signal... the candle for the month of May is all buy. (a 1-day dragonfly DOJI is bullish indeed, a weekly Dragonfly DOJI is awesome, a month Dragonfly DOJI is a lucky find indeed) The long tail is significant, representing strong buying pressure. I've looked through all the alts on Binance for the month of May, nothing as strong as Binance coin.

1st target is $70

Trade active:

Price action makes a nice move to the upside following the 2-day life cross. Notice the RSI support below, has now become strong support going forward and shall likely continue for months to come.

Trade closed: target reached:

250-day later - Took its sweet time.