Bullish Prediction On BNB! Price Surge To $700?

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Bullish Prediction On BNB! Price Surge To $700?
Bullish Prediction On BNB! Price Surge To $700?

The BNB price has been trending downwards all through last week, but this bearish market might be over soon! In this BNB analysis, we will be talking about the flag pattern currently forming on the 4-hour timeframe and how to take advantage of this bullish move coming on BNB right now!

BNB Is Still Very Bullish!

Price prediction from a previous analysis BNB Ready To Fly! Next Target $900?

The last prediction we made on BNB was a price breakout of a flag pattern and a surge to the $900 region BNB Ready To Fly! Next Target $900?.

This bullish prediction didn’t play out exactly as BNB only rose to the $691 level before collapsing. We are still bullish on BNB and will remain bullish as far as the price continues to trade above the $430 horizontal on the 4-hour chart.

BNB remains very bullish if price continues to trade above the $403 horizontal support

Key Levels To Watch For!

Bullish Prediction On BNB! Price Surge To $700?
Key levels to watch for on the BNB 4-hour timeframe

The BNB price is currently trading within a bigger flag pattern on the 4-hour timeframe. And right now, the price is bouncing off the base channel of the pattern. This bounce provides us with a very high-quality trade setup to take advantage of to the upside.

But for this to happen, the BNB price must continue trading above the base channel of the Flag pattern.

Bullish Price Prediction

BNB is still trading within a descending channel on the 30 min timeframe

On the 30 min time frame, we can see the BNB drop from the $693 highs played out in a descending channel. And a price break and close above this channel could signify the end of the BNB sell-off.

At this new break-out level, we can expect to see bullish traders begin to get back into the market in droves, raising momentum.

The bullish target level to aim for is the $700 price region or previous ATHs.

Bullish Prediction On BNB! Price Surge To $700?
Bullish Prediction On BNB 30 min timeframe

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