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KiaCryptiola
Jun 7, 2018 1:00 PM

BNBBTC - TA Update 

Binance Coin / BitcoinBinance

Description

Positive news helped to create a strong rally on BNB prices, breaking out from the 0.5 Fib level, at 0.00187 till 0.0023 earlier yesterday. RSI is heavily oversold in the daily chart. So we expect a further dip, before a new uptrend to continue. Volume is not increasing and the selling pressure may start anytime soon. A dip to retest the lower levels (0.0018 and 0.0017, the 0.618 retracement level), or the red line at 0.0017, is likely. Just below the 0.786 retracement level, BNB has 0.00147 as a previous support region, together with the blue line. Use this info for setting up your trades.

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