The above the weekly chart has a wedge (potential breakout) formation. Below has some additional details.
BNB has some positive news where Binance CEO CZ hinted that the exchange will be launching a DeFi-related IEO. Rumors from Binance CEO CZ about an upcoming DeFi involvement send BNB upwards and maybe break this resistance. As long as Bitcoin maintains its position above the $9,500 level, many altcoins will mark impressive gains.
BNB.USDT chart below outlines the layers to break the main trend line, which will reflect the BNB.BTC pairing resistance trendline above. Note: WS\WR weekly support and weekly resistance lines which has confluence with fib. lines.
How to trade this?
Looking at the 10/20/50 EMA level, one will be likely the bounce level. To gauge this, I will be using the 8HRLY time frame and indicators for the signal to enter.