Binance Coin Strong Bullish Divergence

The last time we looked at BNBBTC (Binance Coin), the brown channel on the chart broke down completely...

Now, a new low has been hit and prices are starting to move above EMA10.

The interesting signal here is the strong bullish divergence with the MACD, this can signal that this drop is coming to an end.

We expect a bounce here but remember to have a strategy if you decide to trade.

If you go LONG, remember to set a stop-loss in case the pair goes the other way.

Always build a plan before you trade... This will increase your positive results and keep you calm while you are active in this game.

Namaste.