Price showing overbought behavior and indicators at 34$, we can expect small retracement for short-term as we see btc goin sideways, but looks like price heading higher, so tracking breakout from 34$. Price can fall to 22$ for a local support for bigger move, so this is a key level for daily close.
Binance Coin / USD Short-term price analysis
Binance Coin has a bullish short-term trading bias, with the cryptocurrency continuing to make higher price highs on the four-hour time frame.
The four-hour time frame is showing that an inverted head and shoulders pattern has been triggered, with the bullish pattern reaching its upside objective.
What's going on everyone, I hope you all had a great weekend! Today I'd like to provide a short-term technical outlook on Binance Coin (BNB/USD).
BNB/USD is in the final stages of forming a bullish gartley 886 formation on the 1h chart, providing a trading opportunity with a 1:2.5 risk to reward.
The measurements for a valid gartley 886 are detailed below.
Crucial crossroad for BNBUSD. The 1D Channel Up pattern is too obvious (bullish leg, low gradient consolidation, repeat) but may be "too good to be true" as the price is virtually on its All Time High set in January 2018.
If the short term trend continues (1D Channel Up) then the Binance Coin eyes 38.000. If the long term trend prevails then I am looking as a...
U should think twice before buying BNB right now. of Course Binance made his coin strong and binance chain make peoples FOMO's a lot but..
1 Day indicators are maxed overbought.
Almost reached last 2018 ATH around 26$.
would be sage to wait a retrace to 20$ before buying it or wait for strong breaking 30$+.
When u miss the train don't try to jump on it while it...
With no doubt Binance coin is one of TOP performers on crypto markets. Reaching ATH in bear market, proves that this coin has lots of support and followers.
Trend is your friend. Keep it simple and don’t fight against it. As longer BNB is above MA, buy the dips and play along. Looks like higher prices are coming.
From trading perspective, the best buy was on...