Binance Coin (BNB) price has been in a tight rangebound movement for nearly 11 weeks.
Binance Coin price consolidates inside a Bullish Pennant pattern. This setup forecasts a nearly 63% rally to $1,005 for BNB. A daily candlestick close below $526 will invalidate the bullish thesis. Binance Coin price has been in a tight rangebound movement for nearly 11 weeks. With each passing daily candlestick close, BNB gets squeezed more, suggesting a steady decline in volatility.
Combining the Binance Coin price action from March 6 to June 1 shows the formation of a bullish continuation pattern known as a Bullish Pennant. The aforementioned 63% rally is the flag pole, and the sideways movement that produced lower highs and higher lows is the pennant. The forecast for this setup is determined by adding the flag pole's height to the breakout point.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Binance Issues Key Announcement for BNB Beacon Chain UsersBinance has issued key announcement that might concern BNB Beacon Chain users
Lire la suite »
Turbo (TURBO) Meme Coin Price Adds 20% in One Hour: ReasonFirst massive AI-generated meme coin Turbo (TURBO) scores listing on Binance Futures, price reacts
Lire la suite »
357.3 Billion PEPE Purchased on Binance After Major Meme Coin DevelopmentMassive amount of PEPE meme coins exits Binance to new cryptocurrency wallet
Lire la suite »
Price analysis 5/8: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBitcoin and altcoins look ready for a range-break, but the direction of it remains uncertain.
Lire la suite »
Price analysis 5/6: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADACharts suggest Bitcoin price will remain rangebound in the short term, which could give altcoins a chance to rally.
Lire la suite »
Price analysis 5/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBitcoin price is trading back above the all-important 20-day EMA, and if it holds it could be proof that bulls are back in control.
Lire la suite »