Binance Coin / TetherUS
Updated

Simple analysis for Binance coin

420
* BNB is in a healthy uptrend respecting the below ascending trend-line as support creating higher-highs and higher-lows.
* Every time the price moves to test the lower trend-line (support) it bounces back up creating a new higher-high.
* It is now in a consolidation between a support around $456 and it's resistance as above descending trend-line, if the price breaks the resistance we can see a rally till $508.
* BNB is bearish below $455.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.