Binance Coin (BNB) UPDATE !!
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
BNB/USDT UPDATE :-
Binance Coin managed to confirm the $200 level as support in early July, and ever since, the price has been rallying higher. In the past seven days, it increased by 9.7% and is now well on its way to reaching the resistance at $320.
This latest rally follows a clean break from the resistance at $267, which has turned into support at the time of this post. Buyers appear to have returned to the market, and if this momentum continues, BNB could reach overbought levels on the RSI indicator that is approaching 70 points on the daily timeframe.
In the next few days, expect BNB to test the key resistance at $320, where bears may return to make a stand and stop the current rally. The indicators for BNB continue to give a bullish bias which makes continuation likely, at the time of this post.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
BNB/USDT UPDATE :-
Binance Coin managed to confirm the $200 level as support in early July, and ever since, the price has been rallying higher. In the past seven days, it increased by 9.7% and is now well on its way to reaching the resistance at $320.
This latest rally follows a clean break from the resistance at $267, which has turned into support at the time of this post. Buyers appear to have returned to the market, and if this momentum continues, BNB could reach overbought levels on the RSI indicator that is approaching 70 points on the daily timeframe.
In the next few days, expect BNB to test the key resistance at $320, where bears may return to make a stand and stop the current rally. The indicators for BNB continue to give a bullish bias which makes continuation likely, at the time of this post.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
Related publications
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.