BNB shines and takes the top back
Updated
With no doubt Binance coin is one of TOP performers on crypto markets. Reaching ATH in bear market, proves that this coin has lots of support and followers.
Trend is your friend. Keep it simple and don’t fight against it. As longer BNB is above MA, buy the dips and play along. Looks like higher prices are coming.
From trading perspective, the best buy was on the break from resistance area around $9 and as usually, the price tested that level once again before moving higher. The retest was good buy signal. The next resistance at $18 was easily broken and then the push to $26 followed.
Now the BNB coin is on the same level it was in Jan 2018. Because we don’t have a lot of data to do a proper TA, we need to focus on candles and their endings. Check the spikes on the $26-27 region, which shows there are some mix sentiment around this region. A break above ATH would set this mark as strong support area for future movement. This currently looks like possible scenario. Only a drop under $18 would change the sentiment on BNB, but currently that’s less possible.
Trend is your friend. Keep it simple and don’t fight against it. As longer BNB is above MA, buy the dips and play along. Looks like higher prices are coming.
From trading perspective, the best buy was on the break from resistance area around $9 and as usually, the price tested that level once again before moving higher. The retest was good buy signal. The next resistance at $18 was easily broken and then the push to $26 followed.
Now the BNB coin is on the same level it was in Jan 2018. Because we don’t have a lot of data to do a proper TA, we need to focus on candles and their endings. Check the spikes on the $26-27 region, which shows there are some mix sentiment around this region. A break above ATH would set this mark as strong support area for future movement. This currently looks like possible scenario. Only a drop under $18 would change the sentiment on BNB, but currently that’s less possible.
Note
The last ressistance is now support. Follow the trend.
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