$BNB has created a bullish pennant pattern which means It's about to do a bullish movement which is great for bulls. The break out has not happened yet. When it happens the price shall increase as much as the pennant's pole. Note that there are 2 resistances along the way. One sits around 620$ and the other is around 670$( big resistance which should give difficult time to bulls)
After a strong rally, the price stops and forms a sideways range for two months. Local preconditions are forming for the coin to be ready to go up. These preconditions are mainly based on the fundamental background related to the activity of Binance management. An ascending triangle is forming on H4, which indicates strength and clear buying interest.
Resistance levels: 619.7
Support levels: MA200 & MA-50, 588.0
The trigger to the beginning of the momentum and active distribution may be the break of resistance 619-620. Intermediate target is 700.
