Technical Analysis and Market Entry: BNB/USDT Bulls Force Big Breakout from Narrowing Range Block 

Binance Coin

BNB has taken a significant leap to the upside at the time of writing on Wednesday, seen up some 9%. The price is heading for the biggest jump seen in a day since 18 September. It comes during a time where the bulls haven’t had any room for much upside. That has very much been the case over the past weeks since June. BNB has been falling across the last fifteen weeks, having lost as much as 62% in value. It dropped from heights of $38 in June, down to $14 in the last week, which was the lowest level hit in six months. The recent surge higher comes as the bulls managed to smash out from a narrowing range block formation. BNB/USDT was moving within tight trading conditions from 24 September, up until the breakout seen in the current session. It was capped to the upside at $16.50, with…

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