- BNB/USD trade has basically continued to keep a close range move around a market point at $20.
- The bulls’ tendency of pushing the BNB/USD market appears to still be on a higher mote as against the bears’ in the long run of this market.
BNB/USD Long-term Trend – Ranging
- Distribution territories: $28, $32, $36
- Accumulation territories: $12, $8, $4
The crypto-trade operations between Binance Coin and the US dollar have continued to be traded in a range being formed over a week back. The range market has been basically occurring around $20 point.
The crypto’s value in the market seems not losing out easily all these while at the said price mark. The 14-day SMA indicator has been well visible around the current range zone. The 50-day SMA is located underneath the 14-day SMA. The Stochastic Oscillators have slightly crossed to point north at range 40. That signifies that bulls are still somewhat in the trade’s control.
The bulls may have to intensify efforts at pushing the market’s value point beyond the current range spot at $20 as the bears haven’t had a better time to have taken the market force. Additionally, the bears’ strength in the market appears to have gotten a reduction going by what the Stochastic Oscillators exhibit now. Therefore, there are still rooms for seeing more ups than downs at this point in time as regards the BNB/USD pair in the crypto-trade.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
Cryptocurrency Prices: Live Real-Time Coin Market Cap Values
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