A Crypto in a minority that's bullish today. Binance Coin BNBUSD
Binance are usually right on cue with their Crypto ownings. The chart patterns are usually suggestive of bullish buy positions.
I checked this on mulitple timeframes. It looks to be at its record high price. Certainly one to watch.
At time of writing Bitcoin is also in supply mode. I would not recommend a short trade in it as such, only because its very volatile and it switches between buy and sell sides faster than any instrument I think of.
Also bearish right now is dogeusd and many others.
Bnbusdbuy
BNB/USDT :: Under the protections !!!BNB/USDT :::
Currently, bnb is in a downward channel on the daily time frame .
The price is following the middle line of the channel and has proven this by hitting this line a lot .
bnb has broken several resistances and can create a buying position .
<<< Good luck >>>
BNBUSD: Analysis using Ichimoku 17/06/2020H4
At D1, the cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing upward, indicating the formation of a correction for H1.
Conclusion:
We recommend selling when the RSI reaches an overbought level on H1.
Good luck!