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Aug 5, 2018 12:49 AM

[BNB/USD] - Pivots + Recent News & Announcements : Buying Signal 

Binance Coin / US DollarBinance

Description

Fundamentals: (News & Announcements)
  • Cryptocurrency Exchange Binance Will Offer Crypto Backed Loans

  • Binance Exchange Plans To Enter South Korea’s Cryptocurrency Markets

  • Binance CEO: Asserts, Crypto Market Seeing a Huge Jump in Institutional Investment



Technicals: (Price Analysis)
*The price reached the value of 13.51$ and it bounced back from the bottom line of the trend channel which is formed since the beginning of the month.

*With the RSI between it's neutrality and with the lines of the Stochastic which are intersected below 20, it is possible to see an uptrend for a short time period.



Trading Idea:
Buying positions if the price goes above the Pivot (13.86$) with targets at 14.3399$ (Resistance 1) or 14.5546 (Resistance 2) in extension.

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