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.
. BINANCECOIN/TETHERDOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
. There is a possibility...
The demand for BNB as a currency is centered around it's functionality on the Binance exchange and the exclusive benefits it includes when using it on the exchange. For the first year Binance traders get a 50% reduction on fees using BNB which starts to decrease into the second and third year before stopping completely. Binance Coin is relatively new to the scene...
I am superbullish for binance coin BNB in the medium to long term. Essentially it is a bet that the Binance exchange will grow and I have high confidence in this due to reports that they received 1.5m registration attempts in a week and had to stop accepting requests while ensure their systems could cope. The CEO interviewed with Bloomberg (search on reddit...