BNB/USDT 1DAY UPDATE BY CRYPTOSANDERS
Hello, welcome to this BNB/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-BNB, or Binance coin, was also in the green to start the week, with prices moving to a multi-week high in the process.
Following a bottom at 307.53 on Sunday, BNB/USD rose to an intraday peak of 316.83 earlier today.
This surge saw BNB hit its highest level since May 9, when the token was trading above 320.00.
BNB is now trading 2% higher than at the same point last week, with today’s rally sending the RSI to its strongest reading since May 1.
In addition to this, the 10-day (red) moving average (MA) is also moving towards an upwards crossover with the 25-day (blue) MA.
Should this cross take place, there is a good chance that BNB will move towards a long-term ceiling at the 340.00 mark.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-BNB, or Binance coin, was also in the green to start the week, with prices moving to a multi-week high in the process.
Following a bottom at 307.53 on Sunday, BNB/USD rose to an intraday peak of 316.83 earlier today.
This surge saw BNB hit its highest level since May 9, when the token was trading above 320.00.
BNB is now trading 2% higher than at the same point last week, with today’s rally sending the RSI to its strongest reading since May 1.
In addition to this, the 10-day (red) moving average (MA) is also moving towards an upwards crossover with the 25-day (blue) MA.
Should this cross take place, there is a good chance that BNB will move towards a long-term ceiling at the 340.00 mark.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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