BNB to set further highs today? Bullish uptrend till 510$ .
Hello Traders!
-On the 4H chart, we can see Binance Coin price action pushing higher again today, likely leading to a new higher high by the end of the day.
-Binance Coin has seen a strong performance in October. After a new major swing low was set at $320 at the end of September, a strong push higher began on 29th September, leading BNB/USD to $450 by the 7th of October.
From there, a several-day long retracement followed during the following week until another spike higher was seen on the 12th of October, this time peaking at $480. Another retracement that set a clear higher low followed, resulting in a further higher high set on Monday.
After a brief retest of $480 high as support, Binance Coin made the final push higher, peaking at $505. Yesterday a retracement took the market to $470, where a quick reversal was seen. Since then, BNB/USD has moved higher again, indicating we can expect further highs set today.
Conclusion : Binance Coin price analysis is bullish as a higher low was established overnight, leading to another push higher today. Therefore, we expect BNB/USDT to continue higher and test the $510 resistance later today.
-On the 4H chart, we can see Binance Coin price action pushing higher again today, likely leading to a new higher high by the end of the day.
-Binance Coin has seen a strong performance in October. After a new major swing low was set at $320 at the end of September, a strong push higher began on 29th September, leading BNB/USD to $450 by the 7th of October.
From there, a several-day long retracement followed during the following week until another spike higher was seen on the 12th of October, this time peaking at $480. Another retracement that set a clear higher low followed, resulting in a further higher high set on Monday.
After a brief retest of $480 high as support, Binance Coin made the final push higher, peaking at $505. Yesterday a retracement took the market to $470, where a quick reversal was seen. Since then, BNB/USD has moved higher again, indicating we can expect further highs set today.
Conclusion : Binance Coin price analysis is bullish as a higher low was established overnight, leading to another push higher today. Therefore, we expect BNB/USDT to continue higher and test the $510 resistance later today.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.