2019-1-27 12:03 |
BNB/USD Long-term Trend – Ranging Distribution territories: $9, $10, $11 Accumulation territories: $5, $4, $3
The market valuation of BNB/USD has been relatively consolidating around $7 mark over a week a bit above its 14-day SMA indicator. On January 8 and 19, the pair had once seen testing the said line separately.
The 50-day SMA now appears backing the 14-day SMA from below towards northward than northward-east direction. The Stochastic Oscillators have headed northwards to touch range 80. They still point north and have an attempt to dip into the overbought zone to probably denote an overbought market condition of this crypto-trade.
$7 and $6 market lines are the range zones that traders may be having a good entry of placing their reversal order while a presumed fake breakout or breakdown eventually emerges in the market. Meanwhile, a strong breakdown that can cause an interception of the 50-day SMA by the 14-day SMA from the top may result in seeing bears taking full advantage of the crypto-trade driving force.
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