Binance Coin since the February dump down seen later in the month has been stuck in accumulation around the $270 level before it squeezes out of this ascending triangle and breaks out to reach higher highs than the previous local top set at $333.
The move on BNB is not over and I would argue that its just getting started. At the moment, BNB is being squeezed between the respected uptrend and a level of resistance until the inevitable breakout.
From here, i'm expecting Binance Coin to be relatively quiet until the next weekly candle and going into next week BNB is going to break out long towards $333.
Check out my related ideas, but I have been calling the reversal back to $333 as well as it seems like just yesterday when I was signaling a $30 target for BNB, let alone a $300 one.
The move on BNB is not over and I would argue that its just getting started. At the moment, BNB is being squeezed between the respected uptrend and a level of resistance until the inevitable breakout.
From here, i'm expecting Binance Coin to be relatively quiet until the next weekly candle and going into next week BNB is going to break out long towards $333.
Check out my related ideas, but I have been calling the reversal back to $333 as well as it seems like just yesterday when I was signaling a $30 target for BNB, let alone a $300 one.
