BNB coin is likely to enter another parabola trend in the short term. Dlavrov on Tradingview has predicted that BNB’s price broke the downtrend line, which indicates a reversal uptrend signal. The analyst opined that the buying opportunity starts at the current bottom pf downtrend line, which is $14 and up to $21.
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BNBUSD: The Right Time for Investing by DLavrov on TradingView.com
However, he advised it is not wise to go “all in”at the moment. The price of BNB has hit $21 twice in the last seven days, and it is likely to rally up to $32 in the short term. Between June and September, BNB came under heavy selling pressure as its price dropped from the heights of $40 down to the recent low area at $14.
The price of Binance Coin has not traded above $21 since early September. Analysts have advised that stops should be placed just below the pennant at $18.85.
