Binance Coin Forecast – Why you should be careful now!

There is a high probability that the Binance Coin price will rise to around $360 in the next few days. That's where the next resistance is. Once the price gets there, it has to decide whether to break the resistance in the short term and move up to the drawn trendline, or be rejected outright and head back down towards $300. It is not a matter of course that the Binance Coin price will fall to $300. The price could also form a new uptrend. For this, the course would only have to react bullishly or find support at around $280. That would be where the GoldenPocket of the up move would be. If that happens, the price could develop an upward trend on the daily chart. However, we consider this scenario to be rather unlikely, which is why we are not assuming it for the time being.

The Binance Coin price against Bitcoin, like the Cardano price , was able to break a trend line that had caused prices to fall. Now that this trendline has been broken, the price could create a new subtrend uptrend. Since the trendline was broken a few days ago, we consider the breakout to be confirmed. We expect the price to rally to around 0.012BTC as that is where the next stronger resistance is. After that, however, it could go south again.

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