BNB LTF Analysis

• BNB is moving in an Ascending Triangle.
  
• BNB managed to get above the 21 & 50 EMAs on the 4H.
  
• The area between 253 – 267 is strong resistance. Above 267, the risk of a breakdown is much reduced.
  
• IF BNB fails to break through resistance the next supports are:
  

1. 238 USD.
   
2. 231 USD.
   
3. 220 USD.
   

• In my opinion, BNB’s outlook is positive, and I do not think it is likely to drop below the 220$ level.
  

NFA.
What do you think? Please share in the comments.
Best wishes to all.