Technical analysis regarding the price of BINANCE COIN in relation of dollar Binance for the next scenarios, based on 2 hour movement.
Price is in a brief bearish trend, effecting falling tops/bottoms. However, the 34~89 period Exponential Moving Averages is supporting the price and guiding it and well, I believe you have already found this level of support quite considerable at $196, which has given a very significant rise. Designing my channels using Fibonacci and using the high kick you gave, I can get the levels that the price can reach and also "stop" (note on the red line) 🏄🏼♂️ What's your perception !? What is your vision?
disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
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.