Binance Coin(BNB): Potential Scenario

Binance Coin has seen some decent moves after that successful breakdown of the double top pattern.

We are looking for a potential buy zone near that lower 200 EMA, where the currentyl price is struggling to break the smaller resistance. If all plays out nicely, we should see a rejection (downward movement) and then a good bounce to the upper zones towards that last resistance of Double Top.

Swallow Team

Comment:

Binance Coin is showing some strength near the resistance zone where we were looking for some kind of rejection!

We are monitoring both the support zone and the upper resistance zone for any clarity. Now we wait!

Comment:

Binance Coin showed us some strong rejection near resistance and is now looking to test that neckline zone. Upon breaking it, we will be aiming for the lower target zone!