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Binance BNB Coin Showing Strength: New ATH Incoming

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Binance is again looking good from a technical perspective. The BNB team continues to build and improve the series and will soon be released. Testnet will be on May 26 and the team expects the series to be more efficient. This, in addition to the automatic burning mechanism, with the aim of reducing the total coins circulating to 100 million by 2028. Well enough basics.

Looking at the graphic shared by Alex Clay, we see that it has set a break from the highest level ever and sees the latest procedure from prices to accumulate. Please reconsider the previous article here, in order to catch the context behind my drawings.

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Binance currency looks good on plans: technical visions

(bnbusd)

Starting this analysis with the weekly graph again, we can see BNB pressed up to this diamond shape (ISH). Often, these diamond patterns are called Top Diamond, although its clean penetration is the true indicator of his head location. However, it is important to keep in mind that this is a fairly rare pattern, and therefore, its accuracy is not like rectangles, for example.

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Binance is again looking good from a technical perspective. The BNB team continues to build and improve the series.

(bnbusd)

By moving to the daily time frame, we can see that the price had three clean touches and bounces from the lower direction line, and a broken top direction line. BNB may also break the lowest height, low low direction. In other words, breaking the market structure by printing a higher and higher high height. The part that adds a small percentage to the upscale continuation is the restoration and re -test of MA200.

If I will enter a long location here, I will put my station below the MA200 level, at $ 630.

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(bnbusd)

After finishing our analysis using a 4H time frame scheme, we see another strong move up. Binance Coin has been working well with Bitcoin over the past weeks, and if Bitcoin is heading to a new ATH, there is an opportunity for BNB to do the same in the amount of $ 940-950 dollars as a possible goal. Stay safe there!

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Binance BNB coin shows strength: new ATH is contained

  • BNB price is lower than the last resistance

  • RSI divergence on 1D

  • The weekly timetable shows a break of the diamond style up and the power of RSI construction

  • A possible outbreak towards the new ATH received, looking forward to $ 950.

The post -BNB BNB coin that shows power: The new ATH appeared first on 99bitcoins.

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