Hi, Traders ! Monfex is on the air !
We have a portion of good news for you! Binance’s native cryptocurrency (BNB) will be underlying of a new exchange traded product (ETP) and hence will be traded on the stock exchange.
* The largest crypto exchange, Binance, informed that it has entered into a partnership with fintech firm Amun, aiming to create the...
BNB right now is struggling against the 200 moving average which is shown on the hourly timeframe. I believe that very soon it will crash down out of the channel and bounce off the 50 moving average (shown by the orange arrow). This will result in a fast move back up through and beyond the channel towards my first target of $50.