LegionQ8

Binance Coin can rise to 322 points, breaking resistance level

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price a few days ago started to decline inside the downward channel, where it soon fell to the support line, thereby breaking the 316 resistance level, which coincided with the seller zone. After this price declined lower than the support level, which coincided with the buyer zone, but soon rebounded back and rose to the resistance line of the channel. Next, BNB declined lower 298 level again, started to rise, and later exited from the downward channel, thereby breaking the 298 support level again. Price rose to the seller zone, where it reached the resistance line of the wedge and then made a downward impulse from it to the support line, making a fake breakout of the resistance level. After this, BNB bounced from the support line and made a strong upward impulse to the seller zone again, where it some time traded and then turned around and fell back. Binance Coin declined to support line and a not long time ago it rose to a resistance level, and tried to break it, but failed. Now, the price continues to trades very close to this level and I think that BNB can decline to the support line and then make impulse up to the resistance line, thereby finally breaking the resistance level. For this case, I set my target at the 322 level. Please share this idea with your friends and click Boost 🚀
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