BNB/USD ANALYSIS (TAKE PROFIT TARGETS OVER $20!)

BNB/USD ANALYSIS (TAKE PROFIT TARGETS OVER $20!)

BNB/USD

BNB has finally broken up, following the BTC wave and market money inflow. BNB is a very strong alt coin though and a top performer. With that, 50 and 100 MA were broken. At this point, BNB is overbought and a small correction is likely. Ideal buy in entry is from $15-16. This zone should turn to a local support and bounce off this would be perfect for a long shot back to T1 at $18.10. A break of this high will put BNB at T2 of $19.20 and on to T3 at $20.45. I recommend bag holders as well to enter, as I expect the short term resistance block to eventually be broken and my outlook long term is price target of $28. BUT short term look to exit at the provided take profit points!

Possible Entries: $15.25-16.50

Published at Fri, 17 Jan 2020 15:32:36 +0000

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