Binance Coin (BNB): EMAs Are Holding Price Down!

2024年5月20日

Binance coin is back, but this time in a smaller timeframe.

As we can see on a smaller timeframe, the price has been moving neutrally below both 100 and 200 EMA.

As we broke already, the EMAs price has been testing that same broken zone multiple times yet without any success or failure.

What we need here is to see a good rejection, which would result in further movement towards the lower support zone.

Swallow Team

2024年5月21日

註釋

Binance Coin has broken from EMAs and moved back to the upper resistance zone, where the price is now in a difficult state.

Historically, we have seen nice rejections after reaching that point, but currently the push seems pretty strong.

We will stick to historical movement here and wait for rejection to happen from current zone so eyes open!