WalterMoon

BNBUSDT - After exiting from pennant, price can continue rise

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in commentsđź‘Š

Recently price started to trades in flat, where it once bounced from support level and rose to $611 resistance level.

But soon, price turned around and declined back to $550 level, which coincided with support area.

After this, BNB in a short time rose to resistance level again and even made fake breakout, after which made downward impulse.

Price exited from flat and started to trades in pennant, where it declined lower 550 level, but soon backed up.

Also recently, BNB exited from pennant and now trades close to support level, so, I think price can fall to this level.

Then Binance Coin can bounce from support level and start to move up to $585

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