BNBs future direction is depended on 2 Trend lines, The blue one and Red one, Although the price is still moving in downtrend channel but there is hope that it gets out of that.
Bullish scenario: If we see a daily candle close above the blue trend line we have witnessed the Break out of the channel! and according to channel break out targets, we can see a 50% rise in price. In this scenario targets for BNB will be the previous top(433$) and much more if the 466$ resistance area will be broken up.
Bearish scenario: If The price will lose the 300$ support in daily candles, we will see the 223$ and lower as the next target.
Good luck!
Bullish scenario: If we see a daily candle close above the blue trend line we have witnessed the Break out of the channel! and according to channel break out targets, we can see a 50% rise in price. In this scenario targets for BNB will be the previous top(433$) and much more if the 466$ resistance area will be broken up.
Bearish scenario: If The price will lose the 300$ support in daily candles, we will see the 223$ and lower as the next target.
Good luck!