LegionQ8

Binance Coin can exit from triangle and then rebound to 245

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 time ago traded near the 224 support level, which coincided with the buyer zone and later BNB declined to this zone, after which it rebounded and made impulse up to the 245 resistance level. When the price reached this level, which coincided with the seller zone, BNB broke it and started to trades in range. After the range, Binance Coin made an upward impulse to 272 points, thereby exiting from the range and entering to triangle, where it at once rebounded from the resistance line and made a strong downward impulse to 224 support level. Also, the price broke the 245 level again, and after impulse down, BNB rebounded from the support level and tried to rise, but failed and made a correction. Then it bounced to the resistance line of the triangle and recently price rolled down from it and now trades near. In my mind, Binance Coin can decline a little more and then rise to the resistance line. Next, the price can break this line, exiting from the triangle, and make a retest. After these movements, the price can bounce from this line and continue to move up to the resistance level. For this reason, I set my target at the 245 level. Please share this idea with your friends and click Boost 🚀

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