Following an oversold period, Binance coin now appears to have found support on the ever important 21-day moving average with higher lows on the RSI. Yesterday's daily candle closed at a higher price than the opening price forming a bullish engulfing candle. I'm expecting a 30% move to the 600-day moving average marked n red.
The 2-day chart yesterday printed a bullish Dragonfly DOJI
The 2-day chart yesterday printed a bullish Dragonfly DOJI
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This 4-day chart shows us the resistance trend line since April of 2019 is now no more with price action above the 20-week moving average.
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470% so far - looking great. Price action is overbought, no if's no buts. Now is the time for caution not greed. The balance of probability continues to favour the bulls, but that is diminishing.
On the bright side there is potential for another 200% until resistance on the weekly chart below at 220k sats. Expect a test of this resistance around mid-June.
On the bright side there is potential for another 200% until resistance on the weekly chart below at 220k sats. Expect a test of this resistance around mid-June.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR