[BNB/USD] – Pivots + News : Buying Signal



[BNB/USD] – Pivots + Recent News & Announcements : Buying Signal by ReadBTC on TradingView.com

[BNB/USD] – Pivots + News : Buying Signal

Fundamentals: (News & Announcements)

  • Cryptocurrency Exchange Binance Will Offer Crypto Backed Loans
  • Binance Exchange Plans To Enter South Korea’s Cryptocurrency Markets
  • Binance CEO: Asserts, Crypto Market Seeing a Huge Jump in Institutional Investment

 

Technicals: (Price Analysis)
The price reached the value of 13.51$ and it bounced back from the bottom line of the trend channel which is formed since the beginning of the month.

With the RSI between it’s neutrality and with the lines of the Stochastic which are intersected below 20, it is possible to see an uptrend for a short time period.

 

Trading Idea:
Buying positions if the price goes above the Pivot (13.86$) with targets at 14.3399$ (Resistance 1) or 14.5546 (Resistance 2) in extension.