Having created ATH of 22498.79, BNBTHB price have formed a falling flag setup at the same time shifted the structure of the market entirely. We may see a retest of 21384.21 area which happens to be our OB area.
Buyers have to be very careful to avoid getting trapped on that OB area since we have a 2 equal highs which suggests from previous price movements that...
In my previous analysis on Bnb Coin, I said that I expect a new test of the old ATH and the coin reached my 22k target
As always expected, after a test of ATH a pullback is normal.
This correction is drawing a flag pattern at this moment so I will expect continuation to the upside and 27k could be the target
I m strongly bullish as long as the price is above 20k
Since the drop from 22k ATH, BNB Coin was trading very constructive and after the double bottom in 7k zone is putting in higher lows on our chart.
Yesterday the coin has broken above 17 zone resistance and now is trading at 17600
Dips towards 17k should be bought for a target at 22k ATH
This scenario is negated under 16k
BNB Coin currently In a Triangle pattern.
Candlestick is near the end of the Triangle pattern,
Im expecting a Strong Candlestick soon breaking above the triangle.
Our Target is at Resistance around 1700s.
BNB coin has made a rebound after price touches 38.2 on the Fibonacci Retracement.
Im expecting the price to reach Resistance soon.
There can be some market consolidation 127-138.2 on the Fibonacci Retracement.
Price Target 17000s
