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2018-06-25_BinanceToken-UTD

The last up move of the Binance Exchange Token failed to break above the previous daily top and to take it up to USDT 18. Instead the price retreated when approaching the upper boundary of a large rising wedge going back to November 2017 before retreating in direction of the lower boundary. So far it looks like BNB is setting up to continue climbing a wall of worries as long as it holds the USDT 13 level and to reconquer the USDT 18 level. This is our preferred scenario due to the relentless bull trend and the burn rate of the Binance exchange token.       

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