📊TECHNICAL ANALYSIS ON 2-HOUR TIMEFRAME
Some days ago price rose to the 217 resistance level, which coincided with the resistance zone, and even made a fake breakout, but at once rebounded back and fell below the 209 support level to the trend line. Then BNB bounced from the trend line and made a strong impulse up to the resistance level again, and even later broke this level and rose to 221 points. After this movement, the price started to decline and in a short time, it first fell to the trend line, broke it, and declined to the 209 support level, which coincided with the support zone. Next, BNB tried to rise but failed and fell to the support zone, where it at once rebounded and made impulse up to the resistance level, which this moment coincides with the trend line. But recently the price rolled down and now trades near the trend line. I think that Binance Coin can continue to decline to support level. For this case, I set up two targets, the first target at the 213 level, and the second - at the 209 support level.
📊QUICK FUNDAMENTAL LOOK
Ether prices rose as much as 5% and trading volumes bumped nearly 25%, following reports of upcoming ether futures ETF listings. Ether traded at $1,660 in Asian afternoon hours on Friday, extending gains to more than 6% since Monday.
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