Binance Coin ( BNB ) Analysis
( BNB ) is trading at the moment in the area of $ 543.50
moving now in a neutral correction direction.
While the Highest Historical Price $ 721.80 06-06-2024
(BNB) is doing great in a magnificent area & experts know that very well, as they never lose the profit chance.
(BNB) has been hitting the nearest support area prices many times before at $ 500.00 which could be the point of flying to higher relevant ranges or back to lower support areas.
All we need to do is to keep an eye carefully on the nearest support area as we will mention below & never hesitate to place a stop-loss price, as breaking these areas leads to another down support area.
Otherwise. now is the time for expert trading to start opening the alert to ride the coming profit waves. Also, we don't advise beginners to trade in these areas.
So let's update our resistance & support areas >> Remember the bullish trend is followed by a bearish trend & vice versa.
As Shown
The Chart Below
Prediction:
Target: Hit & exceed the area of $ 720.00 - with great volume to fly over $ 1000.00
Support & Resistance:
Support: $ 472.00 - $ 405.00 - $ 356.00
Resistance: $ 592.00 - $ 645.00 - $ 721.00
Important:
The result depends on our Vision which could be right or wrong
We analyze the past to predict the future.