Looking at the daily time frame of Binance Coin we see that it soared right through both the February & April 2021 levels and broke out of the downtrend to find support along $484 - $505.
BNB is ranging in the $484 - $505 newly found support zone and will continue to do so until it breaks out higher to reach the $596 - $638 price target levels.
Since BNB fell very fast, there really isn't too much resistance between where the price is at now to the $600+ TP levels.
Binance Coin is looking very good now coming out of its capitulation phase and seems like this is the setup or leg-up to the start of the next parabolic wave upwards 🚀
As always please do your own analysis, I am not a financial advisor.
BNB is ranging in the $484 - $505 newly found support zone and will continue to do so until it breaks out higher to reach the $596 - $638 price target levels.
Since BNB fell very fast, there really isn't too much resistance between where the price is at now to the $600+ TP levels.
Binance Coin is looking very good now coming out of its capitulation phase and seems like this is the setup or leg-up to the start of the next parabolic wave upwards 🚀
As always please do your own analysis, I am not a financial advisor.
