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.

Leave a Comment

Your email address will not be published.

Special Eid Offer