BNB is trades inside downward channel and can continue to fall

Hello traders, I want share with you my opinion about Binance Coin. Looking at the chart we can see how BNB/USDT bounced off level 265, started growing and break out the resistance line. The price continued to move uphill, broke through resistance levels 310 and 320 and reached the level 345 where it formed the seller zone. We see that after the retest of the seller zone, the price began to decline and created a downward channel, inside which it is currently trading. After the retest the support line of channel, the Binance Coin rose to a mirror resistance level 320 from which it bounced back and began to fall. The price is now trading below the resistance level and may continue to decline and break through the support level. I think that price after possible breakout support level can achieve support of channel. So, I set the targets for BNB/USDT at levels 309.5 and 298, which coincides with the channel support line. Please share this idea with your friends and click Boost 🚀