#BinanceCoin🔸 has reached an all-time high, After successfully breaking the bullish flag pattern, the price is now retesting the $635.0-$660.0 support level.
The breakout and close above a significant range suggest a bullish trend .
If the current level is maintained, the price can grow according to the pattern and reach $900.0.
If this level is broken, the price may drop to the main and strong support level of $495.0-520.0.The main buyers of #BNB may be waiting for the price to return to this level.
The breakout and close above a significant range suggest a bullish trend .
If the current level is maintained, the price can grow according to the pattern and reach $900.0.
If this level is broken, the price may drop to the main and strong support level of $495.0-520.0.The main buyers of #BNB may be waiting for the price to return to this level.
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#BinanceCoin🔸 has reached the level of demand. And it is out of resistance and pattern. .
It seems that the price has collected a lot of liquidity at the level of $550.0-$560.0 . The correction process has also been slowed. Breaking and exiting of the pattern is also a sign of the continuation of the upward trend. Therefore, the first scenario of price growth to the very important resistance level is $635 -$660 .
It seems that the price has collected a lot of liquidity at the level of $550.0-$560.0 . The correction process has also been slowed. Breaking and exiting of the pattern is also a sign of the continuation of the upward trend. Therefore, the first scenario of price growth to the very important resistance level is $635 -$660 .
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#BinanceCoin recovered the broken level of $470-500 and is now trading above it.
The price has left the ascending channel formed in the daily time frame, but as long as it is above the current level, it will be an upward trend.
Considering that this area is a strong demand level, it increases the possibility of the price returning to the resistance level of $635.0-$660.0 .
The price has left the ascending channel formed in the daily time frame, but as long as it is above the current level, it will be an upward trend.
Considering that this area is a strong demand level, it increases the possibility of the price returning to the resistance level of $635.0-$660.0 .
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After falling to the support or demand level of $470.0-500.0, the price of #BinanceCoin started to recover and is now retesting the support of the ascending channel on the daily time frame.
With the improvement of the market trend, the price is expected to reach the supply level of 635.0-660.0 and enter the ascending channel.
If the price cannot enter the channel and return to the demand level, we can expect a deeper decrease. But for now, the bullish scenario is more likely, and the price may still move between the supply and demand levels for some time.
With the improvement of the market trend, the price is expected to reach the supply level of 635.0-660.0 and enter the ascending channel.
If the price cannot enter the channel and return to the demand level, we can expect a deeper decrease. But for now, the bullish scenario is more likely, and the price may still move between the supply and demand levels for some time.
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After falling from the support level of $500.0, #BinanceCoin reached the support level of $400.0 and recovered and is now trading above both levels.
As you can see in the chart, a dynamic resistance still prevents #BNBUSDT growth, so in the first step, crossing and breaking this resistance can be a sign of the continuation of the upward trend in the daily time frame.
So far, BNBUSDT has hit the dynamic resistance 2 times and failed to break it, these collisions may reach up to 5 times and then the price will start to grow. The current price movement scenario is between the $400.0 support and the dynamic resistance.
As you can see in the chart, a dynamic resistance still prevents #BNBUSDT growth, so in the first step, crossing and breaking this resistance can be a sign of the continuation of the upward trend in the daily time frame.
So far, BNBUSDT has hit the dynamic resistance 2 times and failed to break it, these collisions may reach up to 5 times and then the price will start to grow. The current price movement scenario is between the $400.0 support and the dynamic resistance.
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