Long

Binance Coin can make correction and then continue to move up

Hello traders, I want share with you my opinion about Binance Coin. By observing the chart, we can see that the price some days ago started to trade inside the range, where it rebounded down from the 218 resistance level, which coincides with the seller zone and fell to the 211 support level. Then it bounced up to the top part of the range, which coincided with the resistance line and then it rolled down back. Also, BNB broke the 211 support level and fell to the support line of the wedge, where it at once rebounded and made a strong upward impulse until to the resistance line, thereby breaking two levels - 211 and 218. But soon BNB bounced down and backed up to the support level, which coincided with the buyer zone, exiting from the wedge. Also, a not long time ago it made a fake breakout of this level and in a short time back up. Now Binance Coin trades near the support level and maybe it can make a correction to this level and then continue to move up to the resistance level. For this case, I set my target at 218 level. Please share this idea with your friends and click Boost 🚀

LegionQ8

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LegionQ8

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