I just identified an interesting situation for what the future of the BNB coin means.
Currently, the chart is in an accumulation cycle, both locally and globally.
The most important levels that BNB must maintain are the weekly uptrend and the weekly support ($234), and if these are not maintained, the last chance would be the weekly support ($209). If all this is maintained, it is possible for the price to go up to the $302 (box) resistance area, respectively the weekly $338 resistance (this would be a final target for active long positions).
The worst thing would be if the support level at $209 does not hold the price, this would mean that the move has a huge gap of about -80% to an important area ($40).
Currently, the chart is in an accumulation cycle, both locally and globally.
The most important levels that BNB must maintain are the weekly uptrend and the weekly support ($234), and if these are not maintained, the last chance would be the weekly support ($209). If all this is maintained, it is possible for the price to go up to the $302 (box) resistance area, respectively the weekly $338 resistance (this would be a final target for active long positions).
The worst thing would be if the support level at $209 does not hold the price, this would mean that the move has a huge gap of about -80% to an important area ($40).
Comment:
is still in uptrend
Comment:
almost hit 209$
Comment:
BNB is in a good area to buy ($209-210).
1st target - $235
2nd target - $250
3rd target - $300
4th target - $335
1st target - $235
2nd target - $250
3rd target - $300
4th target - $335