This 4-hour chart of Binance Coin (BNB) showcases a potential breakout scenario based on Fibonacci retracement levels and key resistance points. The price is currently testing critical resistance near $631, with a potential move toward the 0.236 Fib level ($681) and an ultimate target of $727.
The yellow moving average suggests a dynamic support level, while the drawn trendlines indicate a bullish reversal pattern. Will BNB hold support and push higher? Let me know your thoughts in the comments! 🔥📉📈
#BNB #CryptoTrading #TechnicalAnalysis #BinanceCoin
The yellow moving average suggests a dynamic support level, while the drawn trendlines indicate a bullish reversal pattern. Will BNB hold support and push higher? Let me know your thoughts in the comments! 🔥📉📈
#BNB #CryptoTrading #TechnicalAnalysis #BinanceCoin
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.