Like most cryptos, BNB has been forming a triangle over the past couple of weeks. Bitcoin's strong bullish move has caused most cryptos to see some nice gains lately, BNB being one of them.
Currently the price is seeing some small consolidation around the resistance of the triangle. Wait for a break out before entering a long position. Potential long term target would be $500.
Happy trading!
Currently the price is seeing some small consolidation around the resistance of the triangle. Wait for a break out before entering a long position. Potential long term target would be $500.
Happy trading!
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