BNB long term parallel channel
#BNBUSDT
BNB is trading near the upper line of long term parallel channel, a rejection from this area that is a resistance zone too, can drop the price to lower line around $380.
the bullish scenario is that #BNB price go up to break the upper line and touch $586 and $600 that is 0.786 fib level of whole swing down, if price continue its upward move and make a new all time high, that will be around $800 and $900 which is 1.414 and 1.618 fib levels of AB.
BNB is trading near the upper line of long term parallel channel, a rejection from this area that is a resistance zone too, can drop the price to lower line around $380.the bullish scenario is that #BNB price go up to break the upper line and touch $586 and $600 that is 0.786 fib level of whole swing down, if price continue its upward move and make a new all time high, that will be around $800 and $900 which is 1.414 and 1.618 fib levels of AB.
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