FieryTrading

🔥 BNB Consolidation Before Bullish Move

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
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!

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