- BNB has a budget bias on the time frame for one day.
- He was stuck in a short -term unification phase, but the long situation revolves around $ 640 seemed favorable.
Bennes currency [BNB] 8.5 % increased last week, compared to Bitcoin [BTC] 6.27 %. This was a great performance from BNB compared to many Altcoins. For example, ethereum [ETH] It was 41 % during the past week.
Lack of relative power BNB It was well linked to what was highlighted earlier a report.
Alacrypto is the most prominent of the demand that the bulls may be insufficient for the task of leading the penetration beyond the range. The medium -term support was expected to be re -tested, but this did not arrive either.
BNB merges about $ 660, traders must be cautious about …
Source: BNB/USDT on TradingView
On the daily chart, BNB kept the bi -up structure after violating $ 618 resistance in late April. Then it pushed the 630th region to $ 640, which enhances the upscale control in the short term.
Unfortunately for the upscale merchants, the price movement remained fixed for five days. CMF continued to show heavy capital flows, and MACD indicated upward momentum.
However, RSI randomly showed a declining intersection, indicating a possible decrease in the short term.
Source: BNB/USDT on TradingView
The graph has been shown for 4 hours for another short -term formation. More importantly, the most prominent of how the Binance currency has been transferred to the pockets of liquidity during the past few days.
After creating a (purple) domain, the exchange code made high swing at 693.2 % higher than the high range. Sixteen hours later, the price decreased by 7.5 % to $ 640.8.
What next? –
Since then, the price has increased again inside the range. However, the H4 Macd showed the landfill, and CMF did not indicate large capital flows.
In this scenario, more monotheism appeared. Traders can use a lower deviation than the low range to go for a long time, but they should be careful about the longing of $ 678.
Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer
