BNB / BTC Daily Candle Big Picture Analysis
As you can see, every time we touch DAILY EMA10 (or EMA11 shown as well) the next day we have a large green candle. If BNB/BTC can close above the EMA10 today (~472), following the same trend we can expect bullish price action tomorrow, or potentially a retest of the areas shown.
BNB barely passed its previous ATH shown with the purple line (about 35%). Since binance has grown so much, with the introduction of the binance smart chain, ATH user registrations, and volume in the middle of the biggest mainstream adoption crypto has ever had - I think we can say the bias is more likely bullish than bearish from here. If it is not bullish, will probably have a very slow bleed. Enjoy my idea!
BNB barely passed its previous ATH shown with the purple line (about 35%). Since binance has grown so much, with the introduction of the binance smart chain, ATH user registrations, and volume in the middle of the biggest mainstream adoption crypto has ever had - I think we can say the bias is more likely bullish than bearish from here. If it is not bullish, will probably have a very slow bleed. Enjoy my idea!
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.