LegionQ8

Binance Coin can bounce of resistance level and start to fall

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello traders, I want share with you my opinion about Binance Coin. By observing the chart we can see how the price bounced from the support line, which coincides with the buyer zone to the resistance line, thereby breaking two levels. After this, the price made a strong downward impulse back to the support line, declining below the 241.5 level. Next BNB some time traded between support and resistance lines, and after one more time correction, it bounced up to the resistance line of the pennant, thereby breaking past the resistance line. Inside the pennant, the price very much declined to the support line, which is located below the buyer zone. But a not long time ago BNB roll up and started to rise and recently even exited from the pennant and now trades close resistance level. I think Binance Coin can bounce down of this level and then start to fall. For this reason, I set up my target at the 235 level. Please share this idea with your friends and click Boost 🚀
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