LegionQ8

Binance Coin can start rise to the 225 resistance level

Long
BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello traders, I want share with you my opinion about Binance Coin. Looking at the chart, we can see how the price some day ago declined to 225 current resistance level, which coincide with the resistance area and support line of the wedge, and soon bounced and started to rise. Price rose to the seller zone, thereby breaking the 247 resistance level, but at once rebounded down and fell back below. In a short time, BNB bounce back higher than the 247 level and later rose to the resistance line of the wedge, but then it started to decline. Binance Coin declined below the 247 resistance level and some time traded below it. And when the price reached 247 again, it rebounded down and started to decline until to 225 current resistance level. Also, price exited from the wedge and later broke the 225 level. At the moment BNB is traded below and in my mind price can start to rise to the resistance level. For this reason, I set up my target at the 225 resistance level. Please share this idea with your friends and click Boost 🚀
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