BNB - Trickiest Chart to Read of the Day
Okay, okay, okay, tricky for me, maybe not for you.
Stats:
VI: We've got VI(+) gaining momentum, however VI(-) isn't far below it.
MACD: Uhm, yea. No help here either. We've been switching back and forth without a clear indicator, however the downward trend is indicating that 14.00 is not quite a support nor a resistance. The histogram is not much help either, as it is only barely above it and could go either way. However, it is following a trend (in purple)
Volume: decreasing, indicating that if a sell off occurs, it shouldn't be too violent.
2H chart says we've already entered the bearish movement, however we're still trending in the direction of the market (apart from the past few days)
BTC/USD is also dipping right now, indicating that we may be only experiencing a loss in price due to BTC/USD topping.
Stats:
VI: We've got VI(+) gaining momentum, however VI(-) isn't far below it.
MACD: Uhm, yea. No help here either. We've been switching back and forth without a clear indicator, however the downward trend is indicating that 14.00 is not quite a support nor a resistance. The histogram is not much help either, as it is only barely above it and could go either way. However, it is following a trend (in purple)
Volume: decreasing, indicating that if a sell off occurs, it shouldn't be too violent.
2H chart says we've already entered the bearish movement, however we're still trending in the direction of the market (apart from the past few days)
BTC/USD is also dipping right now, indicating that we may be only experiencing a loss in price due to BTC/USD topping.
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