Binance Coin (BNB) Long-term Price Analysis – December 23

2018-12-23 11:11

BNB/USD Long-term Trend – Bullish Distribution territories: $8, $9, $10 Accumulation territories: $4, $3, $2

Binance Coin has been gaining value against the US dollar market valuation over a few days ago. During the last course of a long market depression, BNBUSD had once risen to a high point close to $7 on December 5.

The 14-day SMA has again been breached northwards, and the crypto has been relatively keeping its up-swing above the 14-day SMA’s trend-line. Price has been currently trading around $6 market territory. The 50-day SMA is located over the 14-day SMA with a notable space between. The Stochastic Oscillators have headed north to touch range 80 from below. That shows that bulls are still somewhat taking the charge of the market driving force.

Binance Coin may be facing a strong market line around $7 mark, and it could be resisted once again while it gets there as barely experienced previously. In a similar manner, $4 mark is now the crucial point that remains to be breached southwards to invalidate bullish momentum of this cryptocurrency presently.

 

 

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

$ 710.18 (-0.31%)
Объем 24H $2.093b
Изменеия 24h: 2.31 %, 7d: 2.17 %
Cегодня L: $695.75 - H: $712.72
Капитализация $102.271b Rank 5
Цена в час новости $ 6.1312 (11483.05%)

binance market december territories long-term coin bnb

Источник: bitcoinexchangeguide.com

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