Support has been confirmed and Binance Coin is now moving in the bullish zone. This is perfect. Now that the bulls have control of the Cryptocurrency market, we no longer have to focus on oscillators, volume, candlestick patterns and the rest, we can simply focus on the targets; things change.
This same approach will be true for all the charts. Instead of reading the signals and sharing "proofs" supporting my bias, we will focus instead on the targets and how far up the pair in question can go. Why? Because the bullish bias has already been confirmed and we are set to grow long-term. The 2025 bull market just as promised.
The first resistance is $730. This is a strong resistance because it rejected growth several times in the past. Many times in December, several times in January and February also. The All-Time High is pretty close as well so here again we will define a range. Between $731 and $794 is the first resistance zone.
BNBUSDT can grapple with this zone for a small while only to win. The win will clear the path for higher prices and open the price discovery phase. After this resistance is broken, the rise will be smooth and nice. Just growth followed by more growth, it will feel great.
The first target will be $975. This is the 1.618 extension in relation to the size of the corrective move. This is a level to watch out for on the way up.
The next target is awesome because the number is so big and because it goes beyond $1,000. The number is $1,269, that's the second—very strong—target.
Depending on how these levels are handled, we can look again and update the chart.
I don't know if this needs to be said, but, just to be certain: Binance Coin is going up.
Namaste.
