✴️ Binance Coin To Stage A Recovery? The Chart Says...

We can all have different views, likes and dislikes...
We can all reach our own conclusions, different conclusions about a future prediction, about a company, about what is going to happen next, about a chart...

We are all free to share and say whatever we want, but we can never fake nor ignore the chart, that is if we want to be successful in this game.

Binance as a company has been going through its ups and downs, growing pain.
There is nothing special about this phase, it is something that even us as human individually go through.

There are moments when we are not at our best and do many bad things that we later fix or regret.
There are moments when we are mentally young, stupid, immature, and again, make mistakes that later come to harm us...

But through these mistakes and challenges we grow.

When it is all set and done, we continue to evolve.

So we don't let a simple market bias to get in our way, we will read the chart, what does it say?

Binance is moving weekly above EMA10, BNB that is, a major development if you ask me.
If a close happens this week above 220, this signal is confirmed.

A close above weekly EMA10 signals that prices are going up.

This main, easy and very simple signal is supported by a long-term higher low.

Binance Coin hit bottom June 2022 at 183 together with the rest of the Cryptocurrency market.
In October 2023 the low is 202.

Any trading above these levels and Binance Coin is set to grow strong.
The charts can change, this analysis remains valid as long as this pair trades above support.

👉 Easy target 324.
👉 More can be reached as in 400 and 444.

This is not financial advice.
Thank you for reading.

Consider giving a follow for many Altcoins, Bitcoin & more.

Namaste.

Kommentera:

Another repeating pattern throughout Crypto lately is the 3 white soldiers, 3 consecutive sessions closing green.

When looking at this pattern on Binance Coin (BNB), it is super strong because we are looking at the weekly timeframe.

We also have a break above EMA21 weekly and a rounded bottom.
Reversal confirmed.

This is only the beginning and we can expect much more growth.

Namaste.