🔥 BNB Reached Key Area: Bullish Break Out Or Continue Bear?

Around a month ago I made an analysis on BNB and the bearish channel it was trading in. As expected, BNB did indeed bounce and is now closing in rapidly on the top resistance area.

Coming days are going to be very important. In case of a daily candle close above the resistance, expect further bullish pressure. In case of a rejection (combined with a bearish BTC), we can expect further selling to occur.

Ideally, in both directions, we get a big candle with a lot of volatility. Big candles around key areas are better confirmations of the short-term direction.