6.11.2019 - Binance coin (BNB / USD)
Hi Traders!
Today, we are going to look at the BNB / USD. Who doesn't know this coin, it's a cryptocurrency Binance coin, created by one of the best-known crypto exchanges - Binance. In our opinion, it might be currently the best crypto exchange coin, which is managed very reasonably. What does the graph look like?
Daily chart
Very nice graph, if you look at the growth trend, its angle and the angle of its decrease. Moreover, the whole decline is in the channel. A structure as it was cut from a textbook on technical analysis. What we really like is that the BNB first tested the channel and then broke it. In addition, we can see increased volumes. In addition, the daily chart beautifully approached BK. The moving averages are close to each other and the MA7 cut the MA77 upwards. Who had studied this strategy knows that it means entering the long, or in other words buying. RSI is still normal. In the long run, it looks very good on the daily chart and we recommend to watch for resistances only.
In addition to a very good graph, it can be assumed that growth could also be supported by China, which is very positive about cryptocurrencies.
May the crypto be with you!
Today, we are going to look at the BNB / USD. Who doesn't know this coin, it's a cryptocurrency Binance coin, created by one of the best-known crypto exchanges - Binance. In our opinion, it might be currently the best crypto exchange coin, which is managed very reasonably. What does the graph look like?
Daily chart
Very nice graph, if you look at the growth trend, its angle and the angle of its decrease. Moreover, the whole decline is in the channel. A structure as it was cut from a textbook on technical analysis. What we really like is that the BNB first tested the channel and then broke it. In addition, we can see increased volumes. In addition, the daily chart beautifully approached BK. The moving averages are close to each other and the MA7 cut the MA77 upwards. Who had studied this strategy knows that it means entering the long, or in other words buying. RSI is still normal. In the long run, it looks very good on the daily chart and we recommend to watch for resistances only.
In addition to a very good graph, it can be assumed that growth could also be supported by China, which is very positive about cryptocurrencies.
May the crypto be with you!
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