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BNB/USD price action continues its upside value retracement. This is happening after paying respect to a long-standing upward slopping Support.
Binance Coins Analysis Statistics Data:
Binance Coins’ value now: $277.88
BNB/USD market cap: $44.98 billion
BNB/USD moving supply: 161.34 billion
The overall supply of Binance Coin: 161.34 billion
Binance Coins Coinmarketcap ranking: #5
To this effect we shall further analyze this market, to better predict future price moves. Additionally, we’ll examine the BNB/BTC market also. This will also help traders here to correctly anticipate value movement in this market.
Key Value Marks:
Top Levels: $277.88, $300, $340
Bese Levels: $250.20, $220.30, $199.76
BNB Bullish Reversal, TAMA Brings a More Lucrative Market
BNB/USD price activity has started a correction off the long-established upward slopping support. This reversal started recently and price candles have moved closer to the EMA curves. Also, the Stochastic RSI has corrected to initiate a reversal towards the overbought region. By the reading on the RSI and the closeness of the bullish candle to the EMA curves, the price of Binance Coin will trend further upwards. This is because going by the RSI reading, this uptrend will continue, and at that price candle will cross above the EMA curves. Traders can expect that price to retrace soon at $300.
Binance Coin Value Analysis: BNB/BTC Advances Towards Higher Resistance
The BNB/BTC market is set for more upside moves with the formation of an inverted hammer candlestick. Additionally, this candle has just formed above the 9/21 days EMA curves. Furthermore, this curves appears to be on the verge of crossing each other to initiate further value upside moves.
Your capital is at risk
Additionally, Looking at the RSI indicator, this indicator can be seen pointing generally upwards. Although, there appears to be a moderate correction in the direction of the faster line towards the slower one. However, going by the position of the price candle and the Exponential Moving Average, traders can expect value to retrace near 0.014400.
Tamadoge completed the seventh phase of the presale over a month after it kicked off. The TAMA token was priced at 1 USDT = 40 TAMA during this seventh phase. After the $13.25 million milestone was achieved, the token’s price appreciated to 1 USDT = 36.36 TAMA, which is now the eighth phase. The eighth phase will be completed soon if the demand continues piling up at the rate it has done over the past month. The next phase will be the ninth and final phase. The price will also be higher during this phase as 1 USDT = 33.33 TAMA tokens.
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