BNBUSD update
Recall that the recently formed symmetrical triangle sent a message of hope for both buyers and sellers.
We leverage the market momentum of BTCUSD to anticipate the future value of the Binance coin.
Unfortunately, the fundamentals (Jerome Powell speech) favored the sellers and the market maintained its bearish tone for up to 24 hours.
So far the stop loss is still below the support level - $200 , there shouldn’t be a reason to panic about the current loss.
Currently, we’re relying on the blue and red trendlines to form a market sentiment.
However, we’re optimistic that the pair will edge higher.
Sentiment : Neutral
Recall that the recently formed symmetrical triangle sent a message of hope for both buyers and sellers.
We leverage the market momentum of BTCUSD to anticipate the future value of the Binance coin.
Unfortunately, the fundamentals (Jerome Powell speech) favored the sellers and the market maintained its bearish tone for up to 24 hours.
So far the stop loss is still below the support level - $200 , there shouldn’t be a reason to panic about the current loss.
Currently, we’re relying on the blue and red trendlines to form a market sentiment.
However, we’re optimistic that the pair will edge higher.
Sentiment : Neutral
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