A shallow correction is expected from Binance Coin!

BNB had a range trend during the last week. The support provided for Binance Coin in the $282-$275 range has had a positive reaction, and we can expect this range to have the power to reverse the trend in lower times. Therefore, considering a downward trend line on the last pivots and in case of breaking this trend line, we can expect the price to grow up to the targets of 310-315 dollars. We expect a more complete approach to the specified support range for the short term.

But in any case, due to the previous upward wave of BNB, which is considered a strong wave, a shallow correction is expected from Binance Coin. In terms of time, the corrective wave is nearing its end, and we can expect the continued growth of BNB price this week. Also, another point that can be a sign of price growth is the presence of a large number of bullish candles among the bearish candles of the corrective wave. Therefore, the ratio of these candles is equal, increasing the probability of buyers entering them.