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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