๐ฅ BNB W-Shaped Recovery: What's Next?
BNB has seen an incredible run over the last couple of week, just like the rest of the crypto market.
With the W-Shaped recovery near its completion, it's time to look ahead and see where this amazing token will go in the next few weeks.
First main area of importance is the $405 resistance, which is where we're trading now. I'm expecting this resistance to break either later today or tomorrow. Main point of interest in the coming week is the $435 resistance. A touch of that resistancewould mean that the W-shaped recovery is officially completed.
It's to be expected that BNB will trade sideways for a while there, potentially falling back to $405. In the next month or so, I'm expecting BNB to resume the bullish push towards the green area of resistance, which ranges from $500-$530.
Happy trading!
With the W-Shaped recovery near its completion, it's time to look ahead and see where this amazing token will go in the next few weeks.
First main area of importance is the $405 resistance, which is where we're trading now. I'm expecting this resistance to break either later today or tomorrow. Main point of interest in the coming week is the $435 resistance. A touch of that resistancewould mean that the W-shaped recovery is officially completed.
It's to be expected that BNB will trade sideways for a while there, potentially falling back to $405. In the next month or so, I'm expecting BNB to resume the bullish push towards the green area of resistance, which ranges from $500-$530.
Happy trading!
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