Pattern: Channel Up on 1D.
Signal: (A) Bearish as long as the Higher Low trend-line holds, (B) Bullish if it breaks.
Target: (A) 17.100 (projected contact with the 1D MA50), (B) 27.500 (the Feb13 Resistance).
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Today we will look at the exchange coin of the most famous exchange - Binance. We will analyze the BNB / USD trading pair. We chose this pair deliberately, because we have been seeing the potential for evaluation on it for several weeks now, and so far it is developing exactly as expected. The overall target where growth could end is at USD 26.28...
. While the price is above the support 15.015, resumption of uptrend is expected.
. We make sure when the resistance at 18.880 breaks.
. If the support at 15.015 is broken, the short-term forecast -resumption of uptrend- will be invalid.
. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is...