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Binance Coin Forecast – THAT'S WHY you should pay attention to BNB now!

 


The Binance Coin course is currently between two levels. Between the $360 support and the $440 resistance. The price is therefore in a sideways phase. Sideways phases mostly serve as corrective phases, which is why there are higher chances of the Binance Coin price breaking out in a bearish manner, thus breaking the $360 support. However, should price play against the odds, price could complete the latter ABC sequence and eventually advance to $1000 in the future. 

Should an outbreak occur, one should always be prepared and know roughly where it could go. In the event of a bearish breakout, the price could drop to $300 in no time. There is the first support after the price broke the $360 support. If the $300 support fails to hold, we would expect the price to drop to $215. Thus, the price could also form a higher sideways phase between $215 and $700.


If the Binance coin price breaks the $445 resistance, which is not as likely as the bearish scenario, we expect a move up to the next resistance. This is around $700, which is why the price could rise by around 80%. As soon as a level is broken, we assume a breakout in that direction.

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