Cryptolean Binance Coin BNB Update
As expected, yesterday Binance Coin had another bullish impulse and broke through the key daily resistance of $529.
A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600.
An inability to sustain could lead to a re-test of $477.
Intraday Chart
The BNBUSD intraday chart is bullish and the last 4-Hour candle broke through $526 resistance.
A sustained price action in the 4-Hour chart above $526 will push Binancecoin price towards $552 and higher.
A bearish break-out to $526 will lead to a dip towards $506 support that could lead to a bullish rejection.
BNB will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and Binance Coin won't an exception.
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Thank you!
A daily candle closure above $529 will increase a probability of a continuation of a bullish move up towards $586 and higher towards $600.
An inability to sustain could lead to a re-test of $477.
Intraday Chart
The BNBUSD intraday chart is bullish and the last 4-Hour candle broke through $526 resistance.
A sustained price action in the 4-Hour chart above $526 will push Binancecoin price towards $552 and higher.
A bearish break-out to $526 will lead to a dip towards $506 support that could lead to a bullish rejection.
BNB will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole Crypto market and Binance Coin won't an exception.
Like once read.
Thank you!
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