Binance Coin [BNB] forms bullish continuation pattern – to $360 next?

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Binance Coin formed an ascending triangle pattern. It faces stiff opposition at the $330 mark, but buying pressure was ticking higher. Binance Coin [BNB] posted steady gains throughout January 2023 and succeeded in breaking […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.It faces stiff opposition at the $330 mark, but buying pressure was ticking higher.

of the exchange token was on the rise. Bitcoin also has a bullish bias. Hence, barring a BTC drop below $22.3k, another move upward could be the way forward for Binance Coin.Over the past week, BNB has made a series of higher lows. At the same time, it has bumped into the resistance at $330 multiple times but could not break out. In doing so it formed an ascending triangle pattern. Before forming this pattern, Binance Coin had been trending higher.

Recent days of trading showed the RSI to form a series of lower highs, to denote waning bullish momentum. Yet, the OBV has steadily risen higher. The OBV’s uptrend was a strong signal that buyers retained strength in the market.

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