BNB - back to trend and gearing up again.
BNB has falling back to its longer term trend line and also the 61.8% fib of the retracement of the more recent up move.
On the 4 hour price is right underneath the cloud but it is relatively thin therefore not likely to carry a great deal of resistance. EMAs are in rally mode and looking for a cross, as are the Tenkan and Kijun-sen. MACD and Stoch RSI are strong, and while the RSI is bullish it is a little high for this early in a rally.
The 1 hour is seeing a volume spike right now, although the price isn't rising at the same rate. If the volume/price continues to increase, buy on a dip, or wait and buy at around 191 following the next bounce.
On the 4 hour price is right underneath the cloud but it is relatively thin therefore not likely to carry a great deal of resistance. EMAs are in rally mode and looking for a cross, as are the Tenkan and Kijun-sen. MACD and Stoch RSI are strong, and while the RSI is bullish it is a little high for this early in a rally.
The 1 hour is seeing a volume spike right now, although the price isn't rising at the same rate. If the volume/price continues to increase, buy on a dip, or wait and buy at around 191 following the next bounce.
Come say hi @elisa_crypto on twitter!
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.
Come say hi @elisa_crypto on twitter!
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.