ππ π½ππ½ πππΌπΏπ ππ π½ππππΎπ?
Binance's own coin has a good history of being incredibly stable in it's trends. Whether that is reasonable in a rational market is a debate for another day. Today, there is plenty of reason to expect a bounce to happen here. And one reason it won't...
We can clearly see this has been a good strong trend since April, with very little price action happening outside of the channel - and all the action happening with +/- 3 deviations. RSI has generally bounced at this point, with little action happening below this range, so that syncs very nicely to what we are seeing on the spot price.
That said, we are seeing a decline in volume - which is something we never want to see it a bullish rally. Bulls need to wake up and start buying if this is going to rally. With the current short term weakness in BTCUSD; that could be more than enough to see a rise in BNB soon.
#crypto
Binance's own coin has a good history of being incredibly stable in it's trends. Whether that is reasonable in a rational market is a debate for another day. Today, there is plenty of reason to expect a bounce to happen here. And one reason it won't...
We can clearly see this has been a good strong trend since April, with very little price action happening outside of the channel - and all the action happening with +/- 3 deviations. RSI has generally bounced at this point, with little action happening below this range, so that syncs very nicely to what we are seeing on the spot price.
That said, we are seeing a decline in volume - which is something we never want to see it a bullish rally. Bulls need to wake up and start buying if this is going to rally. With the current short term weakness in BTCUSD; that could be more than enough to see a rise in BNB soon.
#crypto
