Hello, community members welcome to this BNB/USDT daily chart update by Domino crypto.

Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update on a regular basis.

Now, Let’s get to the chart,

As we can see from the above-mentioned chart that BNB/USDT is trading inside a parallel channel pattern.

It bounced right from the lower trend line support after a sharp wick-off from $218- $270 which is almost 18%.

Till now BNB/USDT pumped almost 16% from the lower trend line support and moved towards the middle trend line .

Here BNB needs to break this middle trend line resistance in a daily time frame to continue a bullish short-term trend towards the price level of $355.

Rejection from the middle trend line support will lead BNB towards the lower trend line support again.

INVALIDATION: candle close below the lower trend line support in the daily time frame will be the invalidation point of this chart analysis.

NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.

DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES.

Thank you.