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BikBookly
Nov 23, 2019 4:05 PM

$BNB in a uptrend or downtrend? 

Binance Coin / BitcoinBinance

Description

Currently BNB is using its uptrend to finally escape the downs from March 2019. Will it continue to follow the green or fall with the red? If it breaks down, look to sell some position as it may still have some time to go. However, if it bounces, that will provide some great indication to open long positions.

Comment

On the daily, it's finding supporting from the ichimoku.

Comment

If BNB passes the resistance (dashed red line) and doesn't fall lower by like the 28th/29th, BNB will be showing stronger behavior.
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