Binance coin ( $BNB 1W) funds are SAFU ?
As the days go by more and more alts are pumping so people are rushing to Binance again and again they are pumping #BNB price. Good times may follow.
BNB was hot in 2019 and thereafter a correction enters a new round of pumping.
The 100-week EMA provided support and now the price has closed above the 20-week EMA.
The divergence was clear both on RSI and Stochastic meaning an entry of large buyer in the coin.
Now that a “double bottom” pattern is in completion; we can expect the beginning of a new uptrend.
The only thing missing is a pick-up in volume.
On the daily timeframe the coin is trading above the 200-day EMA and above the pivotal point of the larger timeframe pattern (24812 sat). If he remains there, then it is a great add to a diversified portfolio in my opinion.
As time goes by, I will keep you updated on the evolution of the coin, so make sure to follow me on twitter: @Djio_
Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
BNB was hot in 2019 and thereafter a correction enters a new round of pumping.
The 100-week EMA provided support and now the price has closed above the 20-week EMA.
The divergence was clear both on RSI and Stochastic meaning an entry of large buyer in the coin.
The only thing missing is a pick-up in volume.
On the daily timeframe the coin is trading above the 200-day EMA and above the pivotal point of the larger timeframe pattern (24812 sat). If he remains there, then it is a great add to a diversified portfolio in my opinion.
Disclaimer: This is not financial advice as I’m not a financial adviser.
This is just my knowledge on what can be said from the chart.
Due to the volatile nature of the cryptocurrencies market, it can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.
