Good afternoon Traders!!
Today we will analyze further possible movements on the BNB coin.
At the moment, the coin is on the lower support line of the channel in which the coin has been moving since June 12.
Throughout the time, we see that the price each time repelled from the lower channel line and made movements to the middle of the channel or to the upper channel line.
Will it be the same as before or a trend change!!???
Now the price is at a very important level and you can answer this question only after the price breaks through the lower support line of the channel or reverses and starts moving up.
ALL Possible Scenarios for the further movement of the BNB coin.
1. The price breaks the lower channel line and goes down to $220.
2. The price reverses and starts to move up to the middle of the channel. Then it will return to the bottom line of the channel
3. The price reverses and starts moving up to the middle of the channel. Then the price overcomes the middle of the channel and moves to $265.
This review will help you understand what will happen next with the BNB coin. It will give you an understanding of when it is worth buying and when it is time to exit the transaction.
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