2019-1-20 12:21 |
BNB/USD Long-term Trend – Ranging Distribution territories: $8, $9, $10 Accumulation territories: $4, $3, $2
BNB/USD market valuation has been featuring variant short ups around $7 and $6 marks from January 13 until present. This crypto-trade has been subjected to making several failing attempts while it either touches or approaches the $7 market line over a month.
About two days back, the pair has been choppily moving a bit above the 14-day SMA but below the $7 upper range point. The 14-day SMA is located over the 50-day SMA. The Stochastic Oscillators have appeared to point north-east direction a bit below range 80. That calls for caution against exerting further trading positions in the market for now.
Bulls’ market driving force seems to continue getting exhausted at the $7 upper range mark as long as there has not been a real Japanese bullish candlestick emerged in the market to break it out northwards. Nevertheless, a sudden correction or rejection at the said market point could be a signal for a bearish market entry point.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
origin »Binance Coin (BNB) на Currencies.ru
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