Binance Coin can reach resistance line of channel and start fall

11 янв.

Hello traders, I want share with you my opinion about Binance Coin. Observing the chart, we can see that the price not long time ago made a strong upward impulse to 336 points, thereby breaking 326 and 297 levels. After this, BNB started to decline inside the downward channel, where it at once, after a strong impulse up, made a correction movement to the support line from the resistance line of channel, thereby breaking the resistance level, which coincided with the seller zone. Also, in the channel, the price made a fake breakout of the resistance line, after which it made an impulse down and continued to decline in the channel. Later, BNB rose to the resistance level again, and even tried to break it, but failed and in a short time declined to the support level, which coincided with the buyer zone. Near this level, BNB two times declined to the buyer zone, even declined lower this zone, and at the second try price turnaround and made a strong impulse up to the resistance line of the channel, which continues close at the moment. So, I think Binance Coin can reach this line and then start to decline to the support level. For this case, I set my target at the 305 points, which coincides near with the support level. Please share this idea with your friends and click Boost 🚀