A Bullish Setup is Forming on the 4-Hour Chart!
Binance Coin (BNB) has been on a tear lately, but after a brief pause, it looks like it's ready to take off again!
Here's what we're seeing:
* Bounce from 200EMA: BNB has bounced off the crucial 200-day Exponential Moving Average (EMA) on the 4-hour chart.
* Potential Re-test: We expect BNB to retest the 200EMA again, potentially leading to a liquidity grab.
* Upward Momentum: After the retest, BNB could see a significant upward move, similar to the previous rally.
What does this mean for you?
If you're bullish on BNB, this could be a great time to buy or hold. However, it's important to remember that the cryptocurrency market is highly volatile, so always do your own research and invest responsibly.
Here's a potential target for BNB:
* Breakout of the Resistance Zone: If BNB can break above the current resistance zone, it could see a significant price increase.
Let's keep our fingers crossed for another BNB rally! 🤞
What are your thoughts on BNB's future? Share your predictions in the comments below! 👇
