TradingView
JoshMcGruff
Jul 17, 2018 4:40 PM

$BNB way oversold and announced Q4 Token Burn Long

Binance Coin / BitcoinBinance

Description

BNB is extremely oversold on the 1D and yesterday the Q4 Token Burn was confirmed via Binance.

We've seen a shift from bearish Heikin-Ashi candles to Bullish with a spinning top and currently (while not closed) a Doji.

This could indicate a trend reversal shifting back into Bullish as it also is sitting on a horizontal support.
Comments
gunthrulife
Thinking I’m seeing a double bottom W now on usdt. Thoughts?
JohnStivers
Watching the 99DMA and the MACD on the 1 day closely. If we lose the 99DMA it could really hurt.
More