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InvestingScope

BNBUSD: Strong consolidation within the Triangle.

Short
Binance Coin (BINANCE:BNBUSD)  
InvestingScope  
BINANCE:BNBUSD   Binance Coin
Trend Analysis Chart Patterns Technical Indicators bnbusd BNB binancecoin binancecoinusd crypto cryptos Cryptocurrency cryptocurrencies
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trendanalysis chartpattern indicator bnbusd bnb binancecoin binancecoinusd crypto cryptos cryptocurrency cryptocurrencies
The Binance Coin is on a flat variance both on 4H (RSI = 47.049, STOCH = 46.766, CCI = -10.4198, Highs/Lows = 0.0000) and naturally within the 1D Triangle (RSI = 47.030, Highs/Lows = 0.0000). The long term bias though remain bearish as the 1W Channel Down weighs. We are expecting a bearish break-out by the end of the month towards the 8.8857, 8.2522 support levels. Our TP is intact at 7.5154.
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