Binance Coin price action on weekly timeframe I find quite interesting.
On chart we have sets of Weekly lows and levels, and Candlestick pattern which appearing here on W timeframe is possible Hammer candlestick, which is well know reversal pattern.
Below, on Standard Deviation indicator you can see we have oversold areas with arrows and they often represent actual low of the price.
BNBUSD price currently sitting at 34$ high, and this is quite big resistance, and not best point to buy, but next price action will depend on bnbbtc ratio IMHO.
If the price of bnbbtc will increase from this reversal signal, I think BNBUSD price can possibly cost over 40$ and even 50$. Well, let's see.
On chart we have sets of Weekly lows and levels, and Candlestick pattern which appearing here on W timeframe is possible Hammer candlestick, which is well know reversal pattern.
Below, on Standard Deviation indicator you can see we have oversold areas with arrows and they often represent actual low of the price.
BNBUSD price currently sitting at 34$ high, and this is quite big resistance, and not best point to buy, but next price action will depend on bnbbtc ratio IMHO.
If the price of bnbbtc will increase from this reversal signal, I think BNBUSD price can possibly cost over 40$ and even 50$. Well, let's see.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.