Binance is creating a giant 1 month long symmetrical triangle. A break out will be very imminent from here. It is being squeezed right now in this triangle and within the 24hours, it should decide to move.
It has a higher tendency to break to the upside and if it does, the target would be around $420 after breaking the previous high at $350.
The unlikely downside that may happen would target to $100. Lots of support before reaching $100 and it could just bounce back in between since we are in a bullish trend right now.
Note: This is not a financial advice, trading is always high risk. Trade at your own risk
It has a higher tendency to break to the upside and if it does, the target would be around $420 after breaking the previous high at $350.
The unlikely downside that may happen would target to $100. Lots of support before reaching $100 and it could just bounce back in between since we are in a bullish trend right now.
Note: This is not a financial advice, trading is always high risk. Trade at your own risk
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