Binance Coin(BNB): Expanding Further The Bollinger. Bands

Binance coin has been expanding further, making new highs in a smaller timeframe while not giving any corrections (which is crucial for healthy bullish movement).

We are monitoring to see a sign of weakness for a potential short-term position.

Swallow Team

Comment:

As Binance Coin was gliding near the upper side of the BB indicator, it was testing the middle line and breaking it with a nice, humble 8% market price movement.

This opened a nice opportunity for future similar movements, so keep your eyes open!!

Comment:

We had overall a nice short-term movement of 9% in our favour. As of now, the price is back bouncing on that Bollinger Band middle line, so we have been monitoring for a potential breakdown again (this time with confirmation).

🟢 Trade Was Successful