2018-10-7 11:16 |
BNB/USD Long-term Trend – Ranging
Distribution territories: $13.000, $15.000, $17.000.
Accumulation territories: $8.000, $6.000, $4.000.
Basically, there was visible re-featuring of lower lows and lower highs in the BNB/USD market trading sessions over two weeks. In about a week and some days back, most of the choppy movements occurred underneath both the two SMAs’ trend-lines.
It has also been noted that the ranging movements have come to take place within three different horizontal lines of $12.000, $10.000, and $8.000 respectively. Price has been hovering slightly above the two SMAs as they are both closely located around the $8.000 horizontal line. The two SMAs have conjoined as they maintain an east direction. The Stochastic Oscillators have moved slantingly north-east towards range 80. This suggests that neither bulls nor bears have been able to gain the BNB/USD market advantage as at now.
There are probably factors that the BNB/USD will still have to experience lower lows or slight downward price movement towards the immediate accumulation territory of $8.000 in the next trading sessions. A decent bearish reversal may have a great opportunity for placing a long entry position.
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
![]() ![]() ![]() ![]() ![]() ![]() |