Binance Coin Price Analysis: BNB/USD bounces back to $490 support level, what next?

TL;DR Breakdown Binance Coin has resumed bullish momentum on the 24-hour chartThe bulls are aiming to accommodate more buyers at the tip of the triangle ($505)BNB/USD has gained more than 120 percent from the July 20 swing low Binance Coin has resumed bullish momentum on the 24-hour chart after trading within a high daily range with rejection at $504. This uptrend begins from the August 29 swing low that saw the exchange token drop to $460 and gradually bounce back to the $480 support leel. In this Binance Coin price analysis, traders are urged to expect an upswing over the next 24 hours. Meanwhile, there is evidence of short-sellers on the 9-hourly chart whose presence could be attributed to a bearish signal line cross-over on TD’s True Strength Indicator. Buyers are waiting for the price to bounce from the recent downtrend and break above $517 so as to steer a strong rally in the upcoming sessions. Binance Coin price movement in the last 24 hours: Ascending triangle As of this writing, Binance Coin is attempting to drag further an ascending triangle that begun on 31st August at $448. The bulls aim to accommodate more buyers at the tip of the triangle ($505), which the price has currently turned from by a few points on the 24-hour chart. Binance Coin 24-hour chart by  TradingView  Binance Coin has been struggling with resistance at the $490 leel, which has for the past days prevented the bulls from testing $600. A significan...