With the low of wave (2) in magenta, Binance should have finished a longer descending phase. Thus, we expect the altcoin to advance significant upwards movement, heading for the resistance at $398.20. This mark should be conquered in due time, so that the top of wave (3) in magenta can be reached. However, a 30% chance remains that Binance could slip below the...
Past Performance of Binance Coin
BNB is solid at spot rates, printing positive higher highs as per the formation in the daily chart. As it is, buyers have the upper hand and have been soaking in the deluge of selling pressure. Even though the October 5 bar closed as bearish, it had a long lower wick pointing to strength during the NY session.
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Past Performance of Binance Coin
Binance Coin is in green at spot rates, adding four percent against the greenback. BNB gains may be attributed to market-wide gains over the last 24 hours. Despite these welcomed recoveries, sellers have the upper hand. BNB prices may break above critical resistance levels for trend continuation. Currently, the primary support...
Past Performance of Binance Coin
Like the rest of the crypto scene, the BNB coin is relatively stable and bullish in the short term. Considering the formation in the daily chart, traders expect more upsides in the short term as long as prices trend higher, above crucial support levels registered last week. Currently, prices are above the middle BB, and bulls are...
