Binance Coin / TetherUSUpdated Possible mega crash for BNB
I just identified an interesting situation for what the future of the BNB coin means.
Currently, the chart is in an accumulation cycle, both locally and globally.
The most important levels that BNB must maintain are the weekly uptrend and the weekly support ($234), and if these are not maintained, the last chance would be the weekly support ($209). If all this is maintained, it is possible for the price to go up to the $302 (box) resistance area, respectively the weekly $338 resistance (this would be a final target for active long positions).
The worst thing would be if the support level at $209 does not hold the price, this would mean that the move has a huge gap of about -80% to an important area ($40).
Currently, the chart is in an accumulation cycle, both locally and globally.
The most important levels that BNB must maintain are the weekly uptrend and the weekly support ($234), and if these are not maintained, the last chance would be the weekly support ($209). If all this is maintained, it is possible for the price to go up to the $302 (box) resistance area, respectively the weekly $338 resistance (this would be a final target for active long positions).
The worst thing would be if the support level at $209 does not hold the price, this would mean that the move has a huge gap of about -80% to an important area ($40).
Note
is still in uptrendNote
almost hit 209$Note
BNB is in a good area to buy ($209-210). 1st target - $235
2nd target - $250
3rd target - $300
4th target - $335
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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.