CryptoTrendline

Binance coin upside potential

BINANCE:BNBUSDT   Binance Coin / TetherUS
Binance coin (BNB/USDT) made a pullback down to the support level around $11 and started trading higher.

As long as the ascending trendline is holding as support and no horizontal support levels are broken price is likely to trade up to the 15$ resistance level and beyond.
If price starts breaking below the trendline it's best to see whether any horizontal support levels are being broken before assuming that sellers have taken control.

Right now it's best to wait and watch how price behaves around the $15 resistance level before making any long term conclusions about where it wants to go.

Good Luck,
CryptoTrendline

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