BNB/USDT UPDATE
As you can see, the price has been moving sideways in the borders of the price channel.. once the price breaks the upper level of the price channel, it will be a bullish signal confirming the strength of buyers. The market will have the opportunity to start a new uptrend with the main target at the previous important market high at 27.20USD and with the big news coming for july14, this could be huge for #BNB.
If you are not sure in the trade based on the breakout, wait for a possible retest of the broken resistance, which will act as new support, and open long positions following the reversal signal.
As you can see, the price has been moving sideways in the borders of the price channel.. once the price breaks the upper level of the price channel, it will be a bullish signal confirming the strength of buyers. The market will have the opportunity to start a new uptrend with the main target at the previous important market high at 27.20USD and with the big news coming for july14, this could be huge for #BNB.
If you are not sure in the trade based on the breakout, wait for a possible retest of the broken resistance, which will act as new support, and open long positions following the reversal signal.