I guess the explanation is in the chart. Much confluence all around which makes me think we could finally resume higher.
Questions are welcome, trade safe!
Lately, Binance has been jumping up and down below the resistance at HKEX:347 excitedly, even hopping above this mark once to finish wave (b) in blue. To complete wave (c) in blue as well as wave ii in magenta, the altcoin should move a bit more purposefully, diving into the magenta-colored zone between $304.40 and $274.90. There, our crypto friend should gain...
Past Performance of BNB
BNB dropped nine percent on December 16 as prices pierced below multi-week support levels. Presently, sellers are in charge, and the coin is technically within a bear breakout formation. Therefore, as it is, traders might find opportunities to unload as BNB slips from a critical resistance, former support.
#BNB Technical Analysis
If H2...
Yesterday Binance tried to renew the local high at $316, unfortunately, it failed, and after reaching the high BNB rolled back by 8%. A triangle is forming on the chart now, and at the moment I see two options for price movement!
1) If the price reaches the lower boundary of this triangle and trades near it, it could mean that the price is likely to break this...
After the recent strong move of BNB, volatility decreased and now the market is gaining momentum for the next strong move.
Currently, we can see on the Binance chart that the price is slowly moving towards the value zone along its local trend line. If we reach the value zone and during the test we see an increase in volumes, it could be a signal that the price...
