BNB to 1k?
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We can see a cup with handle on the daily, if price break and close above 715 then will potentially see BNB visiting $1000-1200 in the near future.
We can see the 522-462 area is a kind of support based on Fib extension.
Failing to do the breakout on 715 then might drop to 500 and bounce again or go even lower below 400.
ENTRY 715
Stop loss 618
Do not enter yet until the above requirements are met.
These are just speculations you can take my advice or technical overview with a pinch of salt.
You are welcome to comment to discuss further. Let me know your thoughts.
Stay safe.
We can see the 522-462 area is a kind of support based on Fib extension.
Failing to do the breakout on 715 then might drop to 500 and bounce again or go even lower below 400.
ENTRY 715
Stop loss 618
Do not enter yet until the above requirements are met.
These are just speculations you can take my advice or technical overview with a pinch of salt.
You are welcome to comment to discuss further. Let me know your thoughts.
Stay safe.
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