Binance Coin

BINANCE COIN Going to $38 or pulling back on the ATH test?

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Crucial crossroad for BNBUSD. The 1D Channel Up pattern is too obvious (bullish leg, low gradient consolidation, repeat) but may be "too good to be true" as the price is virtually on its All Time High set in January 2018.

If the short term trend continues (1D Channel Up) then the Binance Coin eyes 38.000. If the long term trend prevails then I am looking as a 0.382 - 0.500 Fibonacci retracement (17.700 - 15.400) before another attempt to break the All Time High and aim at 38.000.

Consider all this well and trade accordingly.

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