In the past week, BNB has demonstrated a downward trajectory, with its price reaching nearly $300 subsequent to breaking the lower boundary of the 4-hour range channel. However, on Friday, a notable recovery ensued as Binance Coin responded favorably to the support levels, resulting in a 4% upswing before reaching the $300 mark. Furthermore, there has been a positive response to the lower boundary of a bullish corner pattern.
Notably, the previously breached lower boundary of the range channel has now transformed into a significant resistance level. Consequently, there is a possibility of a new range channel forming, encompassing this resistance and the support at $300. In such a scenario, a range-bound trend can be anticipated for Binance Coin in the upcoming week. However, should this robust resistance level be surpassed, higher price targets within the $340 to $350 range may be considered.
Currently, the currency exhibits a downward trend in both the daily and 4-hour time frames, while maintaining a range-bound behavior within the weekly time frame.
Notably, the previously breached lower boundary of the range channel has now transformed into a significant resistance level. Consequently, there is a possibility of a new range channel forming, encompassing this resistance and the support at $300. In such a scenario, a range-bound trend can be anticipated for Binance Coin in the upcoming week. However, should this robust resistance level be surpassed, higher price targets within the $340 to $350 range may be considered.
Currently, the currency exhibits a downward trend in both the daily and 4-hour time frames, while maintaining a range-bound behavior within the weekly time frame.
Join the free Telegram channel
💎 Telegram Channel: t.me/MonoCoin_Public
🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv
🌐 Website: MonoCoin.net
⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net
💎 Telegram Channel: t.me/MonoCoin_Public
🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv
🌐 Website: MonoCoin.net
⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Join the free Telegram channel
💎 Telegram Channel: t.me/MonoCoin_Public
🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv
🌐 Website: MonoCoin.net
⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net
💎 Telegram Channel: t.me/MonoCoin_Public
🔔 Bot: t.me/MonoCoinSignal_Bot?start=starter_tv
🌐 Website: MonoCoin.net
⭐️ 5-Star TrustPilot: trustpilot.com/review/monocoin.net
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.