BNB Monthly View: The 8-Year Trendline is Holding. Is $2,400 Next?

https://preview.redd.it/bai5ig7znjpg1.png?1814&format=png&auto=webp&s=d4594e18990c5f0b6ce582fc0839fc4dd0090c22

Wanting at the high-timeframe (1M) chart for BNB/USDT, and the construction is truthfully textbook.

We’ve been driving this Rising Help Line because the 2018 lows. Every main cycle bottom has respected this diagonal, and we just saw a clean breakout above the previous heavy resistance zone (the $600+ space).

The Setup:

• Present Worth: ~$675
• The "Retest Zone": We're at present seeing a throwback to the previous horizontal resistance.
• The Aim: If the bulls can flip this zone into help, the macro projection (based mostly on the development extension) places the subsequent major goal at $2,400.

Danger Issue: If we lose the purple help line on a month-to-month shut, the thesis is invalidated. However as of now, the construction is perfectly intact.

Are you guys longing this retest or ready for extra affirmation?

Disclaimer: Not monetary recommendation. Just sharing some TA I discovered fascinating.