InvestingScope

Binance Coin: What is all the fuss?

Long
BINANCE:BNBUSD   Binance Coin
BNBUSD having just entered the Top 10 cryptocurrency list in terms of market cap, has attracted much attention due to its recent bull run. It essentially doubled in price since the December 07 low, in just 2 months. From a purely technical perspective it is trading inside a strong 1D Channel Up (RSI = 69.164, MACD = 0.404, Highs/Lows = 0.8632, B/BP = 2.1423) and yesterday's peak is most likely a Higher High. We are waiting for a pull back to go long, which will most likely be a Higher Low near 7.3600. Our TP will be 8.8573.





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