$BNB / $BTC can we hit that yellow box around 20sat
BNB / 
BTC can we hit that yellow box around 20sat?indicators start to show some overbought condition however that 20sat area is very strong resistance. this coin is very good one in the market to hedge against BTC down move.
Description: The Binance Coin is an Ethereum-based token that allows users to receive a discount for any fees on the Binance platform, a pure cryptocurrency exchange that plans to create a decentralized exchange for blockchain assets. BNB also gives users access to special features and will be used to power the upcoming decentralized exchange.
Circulating Supply: 95,512,523
Total Supply: 192,443,301
Upcoming News & Events
Title: Coin Burn
Date: 31 October 2018 (or earlier)
Description: Each quarter Binance uses 20% of profits to buy back and burn BNB, until 100MM BNB are burned.
Note: have tight stop loss on all coins as the market is very shaky.
Trade active
BNB here is the 4hrs chart. i can see some bearish divergence on 1hr chart however longer timeframes shows for some push up to hit that yellow box.Trade closed: target reached
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.