Simple analysis for Binance coin
Updated
* BNB is in a healthy uptrend respecting the below ascending trend-line as support creating higher-highs and higher-lows.
* Every time the price moves to test the lower trend-line (support) it bounces back up creating a new higher-high.
* It is now in a consolidation between a support around $456 and it's resistance as above descending trend-line, if the price breaks the resistance we can see a rally till $508.
* BNB is bearish below $455.
* Every time the price moves to test the lower trend-line (support) it bounces back up creating a new higher-high.
* It is now in a consolidation between a support around $456 and it's resistance as above descending trend-line, if the price breaks the resistance we can see a rally till $508.
* BNB is bearish below $455.
Trade closed: target reached
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