Binance Coin (BNB) Long-term Price Analysis – December 16

2018-12-16 11:16

BNB/USD Long-term Trend – Ranging

Distribution territories: $8, $9, $10
Accumulation territories: $3, $2, $1

The BNB/USD market worth has been experiencing choppy price movements around $5 mark over about a week until today. On December 12, the crypto weakly and briefly touched past the 14-day SMA northwards only to lose out to the US dollar on the following day.

The present range zones do surface around $5 and $4 marks in the long-term trade chart. The 50-day SMA is found at $7 market line over the 14-day SMA that is situated at $5 market line. The crypto-market has been trading below the 14-day SMA and within the range. The Stochastic Oscillators have crossed around range 25 to seemingly start a consolidation move that, yet, another warning that the bulls lack the potency of coming back into the BNB/USD trade.

The bulls may still be finding it uglier against the strong US dollar market valuation while this week’s trading sessions commence fully. Nevertheless, a strong reversal of a bearish move could give in to an upswing but may be short-lived; that is may lack sustainability.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Binance Coin (BNB) на Currencies.ru

$ 667.72 (+1.11%)
Объем 24H $1.965b
Изменеия 24h: -1.79 %, 7d: 9.31 %
Cегодня L: $659.58 - H: $680.05
Капитализация $95.135b Rank 5
Цена в час новости $ 4.6229 (14343.75%)

bnb territories december usd price long-term weakly

bnb territories → Результатов: 11


Binance Coin (BNB) Long-term Price Analysis – December 2

BNB/USD Long-term Trend – Ranging Distribution territories: $10, $11, $12 Accumulation territories: $3, $2, $1 After a long successive of featuring lower lows in the past weeks, BNB/USD began witnessing choppy market movements on November 21, while the crypto made a feeble stride at around $6 mark. The range boundaries are being depicted by the […]

2018-12-2 11:26