Monfex is at your service and today we overview BNB/USDT.
On this chart, we see the support line to which BNB price is currently aiming inside the falling wedge. There I designated the buy zone ~$ 10 as there is also a very strong trading volume, which acts as additional support.
Share your thoughts, ideas about the market under the chart.
Any touch of the 8ema will be a good entry as long as we hold the 8ema & 20ma
my entry was $10.9
exit at around trend line $12.52
keep an eye on 50ma as resistance as well.
keep your stop losses on!
BNB looks to be weak right now.
Has been trading in a range for a while but seems like it has more downside price action incoming.
Good support around 7 dollars.
OBV looks bullish but other indicators are contrary right now.
Buy range from about 6 to 7 dollars for me.