Binance Coin (BNBBTC) has reached a potential bounce/reversal zone, here is why... Make sure to hit like to continue reading...
We can see BNB printing a strong green candle and now we look at the different signals that support this move as a potential reversal zone:
Bullish engulfing: RSI Oversold:
Market feeling
Binance Coin (BNBBTC) can easily bounce here to continue moving lower or completely change trend. This analysis is strictly for the next move. After the next move, a new analysis can help us identify the potential scenarios that come next...
What's your take on the altcoins market making a strong comeback in less than 2 months?
What's your opinion on this chart and Binance Coin?
Share your thoughts on the comments section below.
Remember to like, follow, comment, and meditate...
Namaste.
We can see BNB printing a strong green candle and now we look at the different signals that support this move as a potential reversal zone:
- We can spot strong bullish divergence on the MACD.
- We can notice increasing volume and a challenge of EMA10 on the bounce.
- A strong bullish engulfing candlestick pattern is also in play.
- RSI hits oversold and bounces with strength. It hit Dec. 2018 levels, its lowest ever (check chart below).
- Binance altcoins maintaining their last low and producing big gains; Altcoins market early warning signals for smart traders.
Bullish engulfing: RSI Oversold:
Market feeling
Binance Coin (BNBBTC) can easily bounce here to continue moving lower or completely change trend. This analysis is strictly for the next move. After the next move, a new analysis can help us identify the potential scenarios that come next...
What's your take on the altcoins market making a strong comeback in less than 2 months?
What's your opinion on this chart and Binance Coin?
Share your thoughts on the comments section below.
Remember to like, follow, comment, and meditate...
Namaste.
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