FirstNameHelen

HelenP. I BNB can repeat movement down and then continue rise

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hi folks today I'm prepared for you Binance Coin analytics. If we look at the chart we can see how the price some time ago entered to upward channel, where it at once declined to the trend line, which is the support line of the channel also. After this, BNB rebounded from this line and rose to support 2, which coincided with the support zone and soon broke it, after which made the small correction and continued to move up in the channel. But soon price fell again to support 2, and at once made a strong impulse up to support 1, which coincided with one more support zone and tried to break it, but failed and declined to the trend line. After this movement, BNB started to rise close to the trend line and soon price broke support 2, and a not long time ago rose a little higher than the support zone. Now, the price trades near this zone and I expect that Binance Coin will repeat movement down to the trend line and then rebound up and continue to rise in an upward channel. For this case, I set my target at the 433 level.If you like my analytics you may support me with your like/comment ❤️

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