Considering the price trend in its previous channel, by repeating the stabilization of the price at the bottom of the second parallel channel, it can be expected that the price will continue to move up to the top of the new channel.
The price breaking above the specified level can increase the certainty of the realization of the price target.
The price falling below the red level cancels the bullish scenario of Binance Coin.
Potential price targets for the levels will be $950 and $1,447.
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area: Yellow zone
⚡️TP: 950 1447 2340 3515
🔴SL: 252
🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.