ðĨ BNB Consolidation Before Bullish Move
Since late August, BNB has been trading sideways. Yesterday, BNB was close to breaking out of the illusive $500 resistance, but as of this morning BNB has fallen back into the horizontal channel.
The bottom for this bearish move is $450 it seems, I'm expecting high buying pressure around that area. Hopefully the bulls can push the price above $500 in the coming couple of days, assuming BTC will remain relatively bullish.
Main target for the next bullish move is the $600 resistance area.
Happy trading!
The bottom for this bearish move is $450 it seems, I'm expecting high buying pressure around that area. Hopefully the bulls can push the price above $500 in the coming couple of days, assuming BTC will remain relatively bullish.
Main target for the next bullish move is the $600 resistance area.
Happy trading!
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