Recently I made an analysis on BNB and the completed W-shaped recovery. I set a new target at $500, which has been reached!
At the moment, the yellow break out area is the main point of interest. It might very well the case that BNB will fall down back towards $435. There hasn't been a major correction in weeks, so it might be happening soon.
On the other hand, if the price marches on through the yellow break out area, there might be a case for going (even more) parabolic and BNB reaching the green area of resistance in the next few weeks.
Happy trading!
At the moment, the yellow break out area is the main point of interest. It might very well the case that BNB will fall down back towards $435. There hasn't been a major correction in weeks, so it might be happening soon.
On the other hand, if the price marches on through the yellow break out area, there might be a case for going (even more) parabolic and BNB reaching the green area of resistance in the next few weeks.
Happy trading!
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