Binance Coin eyes $560 next after BNB price 'Cup and Handle' breakout

13 Oct 2021

Binance Coin eyes $560 next after BNB price 'Cup and Handle' breakout

The ongoing price boom in the Binance Coin (BNB) market is painting a classic bullish chart pattern with an upside target of $560.Dubbed as Cup and Handle, the pattern appears when the price forms an advance that appears like a U-shaped trend (Cup). That follows up with a formation of a descending channel range (Handle). A breakout above the Handle range typically leads to an upside continuation, with a bullish target at a length equal to the Cup's size.BNB/USD 4H price chart featuring Cup and Handle setup. Source: TradingView.comBinance Coin whale holders data. Source: Santiment

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