Here is the two reason why I think BNB is going back to ATH.
First, I need to say that it retraced exactly has I said in my previous Idea. You can see it in the link below.
1. It formed a bullish pennant and the the first possible pole of the pennant is exactly the ATH
2. The ATH is a psychological resistance and I think people will easily rebuy to that point
My second target would me the second people drawn from the previous resistance has shown in the chart.
Please like and comment my idea's. I like to build with the community.
First, I need to say that it retraced exactly has I said in my previous Idea. You can see it in the link below.
1. It formed a bullish pennant and the the first possible pole of the pennant is exactly the ATH
2. The ATH is a psychological resistance and I think people will easily rebuy to that point
My second target would me the second people drawn from the previous resistance has shown in the chart.
Please like and comment my idea's. I like to build with the community.
Comment:
Sorry I haven't centered my chart has I should have done. I can't modify it now. Just drag it has you need it.
Comment:
I am not able yet to link an image of my previous idea because it seems I do not have enough reputation points. But basically, it exactly retraced on the fibonacci level 50%
Comment:
It is important to notice too that it took support on the midline of the bollinger bands. RSI is high but I think that this is the situation of the BNB right now because of Binance smart chain and blockchain. It is really strong right now and not ready to slow down, in my opinion.