BNB Bullish Pennant - Target: $880

17 mag

Bullish pennant on BNBUSDT

Not Financial Advice

• Fib retracements are drawn between the ATH and the 2022 low. Some levels are still very well respected. (The pennant's low, matches exactly 0.618 fib)
  
• We are very close to the pennant's convergence, so a breakout should be imminent.
  
• Watch for a breakout of the resistance trendline (solid orange), as the target for a breakout would be a new ATH at around $880.
  
• Expect some resistance in the $690 area, as that was the previous ATH.