BNB/USDT Bullish Pennant : Will It Reach 480?

20 Mar 2021

BNB/USDT daily chart is currently forming a valid bullish pennant with the declining transaction volume as a confirmation. If it breaks out from the pennant, based on the flag, the target price is $480, with a shorter term target at 330-340 (which is its all-time high). Otherwise, if it doesn't have enough buying power to breakout, most likely it will go back to its support level in 240-220 and 200-190. What do you think?

Just a beginner's view. Suggestions are welcomed!
Thanks!

12 Nis 2021

Not

HIT!