Binance Coin Forecast – Binance Coin could explode in value!

The Binance Coin formed a trend line during the last downward movement, which caused prices to fall. This trend line was already broken in the previous week (week 11). This week has also been bullish for the price, which is why we expect a confirmed break of the trend line. When prices break trend lines, they often initiate an upward movement or a continuation of the upward trend. Because this behavior is typical, we believe that the price could rise more sharply in the near future. In the best case, the price will also perform a similar bullish candle next week (week 13). Should this happen, price would form a bullish trend reversal pattern called “Three white Soldiers”.

If the Binance Coin price continues the upward trend, which we assume, the price could be around $500 as early as the week after next (~ week 15). After the level is reached, we expect a small correction which could last to around $350. Then the resistance could be broken. Finally, the price could reach and test the last resistance around $666.

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