Lanmar

Expecting Binance Coin to revisit all time high soon

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BINANCE:BNBUSD   Binance Coin
Chart indicates to me a higher probability for Binance Coin to revisit its all time high faster than many other coins can revisit their previous all time highs.
Kommentar:
Expecting break above top trend line
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I think I've underestimated how critical this blue triangular level is. 11.50 is a massive line in the sand for BNB. A break under is very unlikely and would imply a major breakdown in price. I think even if 11.50 would be broken, prices would recover in a major bear trap fashion. I continue to believe prices will break above the 14.50 level which is the current resistance. If broken, prices should charge much higher.
Additionally, it would not surprise me if valuation for Binance reaches in excess of $10 billion - $20 billion.
Notice how this diagonal resistance has held so well historically. Odds are it will continue to hold just. We could catapult strong from these levels.
Kommentar:
Break a minor important level
14.5 -15 is next. If 15 is broken I expect a violent rally higher
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core rectangle broken intraday on daily. The daily close is the important indicator but I believe we will close above the rectangle on the day, which would make a breakout confirmed and trend much higher
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Just broke high set exactly one month ago. 18.xx next stop
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Strong retest into blue level. Not a sell, just pain. We're seeing this across all crypto. I view this as a correction. BNB is outperforming nearly all except bitcoin
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BNB has been a relative underperformer in recent weeks. A pop is expected from the current light consolidation its in
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More upside is coming. Just a matter of time
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