Binance Coin(BNB): Which Way Will We Go?

BNB is trading inside the sideways path, where it is currently trying to secure the middle line of Bollinger Bands.

We are waiting for the perfect setup here, which means to wait for the support or resistance zone to be reached and see how the price is going to reach that zone eventually.

After that (getting more confirmations), we can monitor further for a potential long or short position!

Swallow Team

Comment:

While we wait for BNB to reach either support or resistance, the price has started the movement to upper resistance.

We broke the middle line of Bollinger Bands and are not waiting for daily to close above that line as well.

From there, we will be looking more for a potential downward movement, for sure!

Comment:

Coin is testing the middle line of BB, which is currently not looking good for bulls.

As per our plan, we are still waiting (and will be waiting) for upper or lower zones to be reclaimed for a potential position to be taken from there!