BNB in the 4H after the sideways price action in the last two weeks of December 2022, formed a bullish channel since the 4th of January 2023, even tested the base of the channel and now the tendency is for it to stress the edge top around $300. Ichimocu cloud with a good greenish thickness in the projection, indicating that buying forces are in control, also confirmed by the MM200, which is pointing upwards again.
The chart still shows that the Relative Strength Index (RSI), a momentum indicator, reads 14.,60, signaling to go long, the RSI now has room to continue rising and strictly signals that the price is "oversold".
Supports and resistances follow.
S: 274.7 / 273 / 264.9 / 256.7 / 245.1
A: 281.2 / 284.7 / 300
***Considering the purchase of Voyager assets by Binance, where binance is prepared to close the deal with a cash payment of $20 million and an agreement to transfer Voyager customers to Binance US crypto exchange , BNB trend is bullish.
The chart still shows that the Relative Strength Index (RSI), a momentum indicator, reads 14.,60, signaling to go long, the RSI now has room to continue rising and strictly signals that the price is "oversold".
Supports and resistances follow.
S: 274.7 / 273 / 264.9 / 256.7 / 245.1
A: 281.2 / 284.7 / 300
***Considering the purchase of Voyager assets by Binance, where binance is prepared to close the deal with a cash payment of $20 million and an agreement to transfer Voyager customers to Binance US crypto exchange , BNB trend is bullish.
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Disclaimer
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.