Binance Coin(BNB): Looking For Short

We are monitoring the push on Binance Coin, where the price is going towards that upper resistance zone.

While it is early to say, we are looking for a rejection, and if we see one, we will be looking at a good downward movement towards 100 & 200 EMAs.

Swallow Team

Comment:

Binance coin is looking sweet with that new daily candle (which is seeing some rejections right now).

We are keeping an eye on it, and if we close this candle in red, then we will see some good moves towards that orange line we have (and then, of course, towards 100 EMA).

Comment:

New day, and we see another push happening on Binance coin, which suppressed yesterday's point of weakness.

We are monitoring further for possible weaknesses to occur near the upper resistance zone, and if we see one, then we will be looking for price to move to lower zones of EMAs.

Comment:

Binance coin has had a good rejection again, resulting in a humble 10% market price movement so far!