After breaking out of long-term accumulation ranges, $BNB had made enough retests between the upper green box (our old supply zone) and the range top.
During the last market decline, it turned the supply zone into a demand zone without visiting back these levels and showed a positive outlook.
Currently, the most important area remains the upper small red box resistance on LTF. If it remains above this level, namely 721, with daily closings, we can say that the downtrend has reversed into an increase in the internal structure. If it cannot pass at the first try, it may want to gain strength by gathering new buyers between the green box and 688 levels.
After this, I think it will continue its medium-term positive outlook and set new #ATH s. The upper levels can also be used as these medium-term first profit-taking target levels.
Hey! 👀
Unlike my social media posts, in addition to majors, here I'm planning to analyze your #altcoins with medium and low market caps too! I'll provide mid-to-long term price targets for the bull season. 🔥
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