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BNB went straight out of 700s and into 580s!
Since then?
Price has been swinging within a limited context of between 600 and 640 forming a unique compression zone.
Current price: ~615
Key levels to watch:
Support zone: 605-600
In case this base breaks and expands it is likely to go to:
585-570 (previous swing base)
540-520 (measured move zone)
Resistance zone: 630-640
The short-term momentum is moved to the right and this area is vacated with a clean 4Hr close above it:
660-670
690-710
At present, $BNB is on the verge of the peak.
The more tense it becomes the less flows it.
It is a conventional volatility structure - no holding and hoping zone.
Direction is set to either 600 or 640 break.
Stay reactive, not emotional.
#BNBChain#