BNB to set further highs today? Bullish uptrend till 510$ .
Hello Traders!
-On the 4H chart, we can see Binance Coin price action pushing higher again today, likely leading to a new higher high by the end of the day.
-Binance Coin has seen a strong performance in October. After a new major swing low was set at $320 at the end of September, a strong push higher began on 29th September, leading BNB/USD to $450 by the 7th of October.
From there, a several-day long retracement followed during the following week until another spike higher was seen on the 12th of October, this time peaking at $480. Another retracement that set a clear higher low followed, resulting in a further higher high set on Monday.
After a brief retest of $480 high as support, Binance Coin made the final push higher, peaking at $505. Yesterday a retracement took the market to $470, where a quick reversal was seen. Since then, BNB/USD has moved higher again, indicating we can expect further highs set today.
Conclusion : Binance Coin price analysis is bullish as a higher low was established overnight, leading to another push higher today. Therefore, we expect BNB/USDT to continue higher and test the $510 resistance later today.
-On the 4H chart, we can see Binance Coin price action pushing higher again today, likely leading to a new higher high by the end of the day.
-Binance Coin has seen a strong performance in October. After a new major swing low was set at $320 at the end of September, a strong push higher began on 29th September, leading BNB/USD to $450 by the 7th of October.
From there, a several-day long retracement followed during the following week until another spike higher was seen on the 12th of October, this time peaking at $480. Another retracement that set a clear higher low followed, resulting in a further higher high set on Monday.
After a brief retest of $480 high as support, Binance Coin made the final push higher, peaking at $505. Yesterday a retracement took the market to $470, where a quick reversal was seen. Since then, BNB/USD has moved higher again, indicating we can expect further highs set today.
Conclusion : Binance Coin price analysis is bullish as a higher low was established overnight, leading to another push higher today. Therefore, we expect BNB/USDT to continue higher and test the $510 resistance later today.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.