Just a beginner’s view. BNB/USDT has successfully breaks out from its major bullish flag a few hours ago and is currently forming a minor bullish flag . If the breakout happens, the closest target is at 340. Otherwise if it breaks down from the channel, it could go back to 240. We are currently at a critical point in the bottom of the channel with a chance of forming dragonfly doji or hammer , a very great candle that indicates a strong upside pressure from the buyer. Suggestions are welcomed. Thanks!
This article was originally published by Tradingview.com. Read the original article here.