Binance Coin (BNB): EMAs Are Holding Price Down!
Binance coin is back, but this time in a smaller timeframe.
As we can see on a smaller timeframe, the price has been moving neutrally below both 100 and 200 EMA.
As we broke already, the EMAs price has been testing that same broken zone multiple times yet without any success or failure.
What we need here is to see a good rejection, which would result in further movement towards the lower support zone.
Swallow Team
As we can see on a smaller timeframe, the price has been moving neutrally below both 100 and 200 EMA.
As we broke already, the EMAs price has been testing that same broken zone multiple times yet without any success or failure.
What we need here is to see a good rejection, which would result in further movement towards the lower support zone.
Swallow Team
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Historically, we have seen nice rejections after reaching that point, but currently the push seems pretty strong.
We will stick to historical movement here and wait for rejection to happen from current zone so eyes open!