BNB to set further highs today? Bullish uptrend till 510$ .

Hello Traders!

-On the 4H chart, we can see Binance Coin price action pushing higher again today, likely leading to a new higher high by the end of the day.

-Binance Coin has seen a strong performance in October. After a new major swing low was set at $320 at the end of September, a strong push higher began on 29th September, leading BNB/USD to $450 by the 7th of October.

From there, a several-day long retracement followed during the following week until another spike higher was seen on the 12th of October, this time peaking at $480. Another retracement that set a clear higher low followed, resulting in a further higher high set on Monday.

After a brief retest of $480 high as support, Binance Coin made the final push higher, peaking at $505. Yesterday a retracement took the market to $470, where a quick reversal was seen. Since then, BNB/USD has moved higher again, indicating we can expect further highs set today.

Conclusion : Binance Coin price analysis is bullish as a higher low was established overnight, leading to another push higher today. Therefore, we expect BNB/USDT to continue higher and test the $510 resistance later today.