BNB - back to trend and gearing up again.
BNB has falling back to its longer term trend line and also the 61.8% fib of the retracement of the more recent up move.
On the 4 hour price is right underneath the cloud but it is relatively thin therefore not likely to carry a great deal of resistance. EMAs are in rally mode and looking for a cross, as are the Tenkan and Kijun-sen. MACD and Stoch RSI are strong, and while the RSI is bullish it is a little high for this early in a rally.
The 1 hour is seeing a volume spike right now, although the price isn't rising at the same rate. If the volume/price continues to increase, buy on a dip, or wait and buy at around 191 following the next bounce.
On the 4 hour price is right underneath the cloud but it is relatively thin therefore not likely to carry a great deal of resistance. EMAs are in rally mode and looking for a cross, as are the Tenkan and Kijun-sen. MACD and Stoch RSI are strong, and while the RSI is bullish it is a little high for this early in a rally.
The 1 hour is seeing a volume spike right now, although the price isn't rising at the same rate. If the volume/price continues to increase, buy on a dip, or wait and buy at around 191 following the next bounce.
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