Good day, colleagues!
Today, we will discuss the BNB coin and analyze its future prospects. Should you buy it now, or should you wait for the price to reach $230?
Allow me to remind you that I previously conducted a review on the BNB coin in December 2023, where I cautioned and predicted that the price would reach $340 per coin.
You can find the link to the initial review below. This is my forecast for the BNB coin from December 2023: Primary scenario: If the price fails to break through the support zone, we can expect a reversal and a rise to the $340 mark.
BNB: Add this coin to your portfolio if you want to earn 100%
Let’s begin with a trading idea! On this chart, we can observe a strong resistance zone at the $340 level per coin. There have been several attempts to break through this zone, but all have been unsuccessful, leading to a price reversal within the global triangle pattern. Additionally, I anticipate that the price may once again touch the lower support line of the triangle at the $296 level, which will be a crucial level for determining the future development of this coin.
What lies ahead?
- The price breaks through the global support line of the triangle and continues to move towards the accumulation zone at the $220-230 level per coin. This will be an ideal buying zone with potential growth up to $675 per coin.
- The price rebounds upwards from the global support line of the triangle and continues its upward movement towards the resistance zone at the $340 mark. After breaking through the resistance zone, the price may continue to rise, reaching a new all-time high of $675 per coin.
