Hi guys! After consolidating for over a month BNB price broke the descending trendline on high volumes. This was a good accumulation period during the whole March where big positions have been opened, the volumes speak for themselves. Currently the bulls are trying to flip the resistance block at $300-320 although I don't think they will do it easily at first attempt. I expect to see some serious battle there between bulls and bears. According to my estimations the price will come to retest the trendline in the area $280-290 before heading to the next resistance at $320. Upon successful retest of the trendline I will open a long position with first target at $320,second at $380 and maybe quarter or third of the position I will leave for the moon mission cause BNB is a beast! My long term estimation target for this coin is between $800 and $2000.
This is my trading idea. I am neither a financial advisor nor I urge you to trade my idea.
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