BigLava

Binance Coin update (BNB)

Long
BINANCE:BNBUSD   Binance Coin
Binance Coin (BNB/USD)

BNB has now tested the 100day Moving average for the first time in almost 2 months. Previously when we saw price close to 100MA price held strong and accumulated and continued upwards.

Volume seems to be neutral. If we can hold at this current level, price action would be confirmed upwards if break out of trend resistance occurs.

$195 and $239 mark critical support levels.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.