Hi, Traders ! Monfex is on the air !
Binance Coin (BNB) could be a perfect candidate for a fast pump.
* Binance Coin (BNB) is a utility token that has a deflationary design through buybacks and token-burning events. Its early success and innovative design led others to create similar tokens.
* Looking at 1D chart, we can see that Binance Coin has escaped out of the descending triangle, where it had been trading since the mid of October.
* At the same time, the breakout wasn't accompanied by increased volume and the price has returned to test the broken trendline from above.
* However, the current price resides above the 21 Daily EMA, while MACD has restored expansion into the positive territory ahead of a second wave of the bullish run.
* Hence, it gives us a reason to expect that the bullish momentum could speed up and the price could reach our target in the short- to mid-term.
Active trade signal
Buy @ $18 - 18.50.
Target: $28.
Stop-loss: $14.90.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Binance Coin (BNB) could be a perfect candidate for a fast pump.
* Binance Coin (BNB) is a utility token that has a deflationary design through buybacks and token-burning events. Its early success and innovative design led others to create similar tokens.
* Looking at 1D chart, we can see that Binance Coin has escaped out of the descending triangle, where it had been trading since the mid of October.
* At the same time, the breakout wasn't accompanied by increased volume and the price has returned to test the broken trendline from above.
* However, the current price resides above the 21 Daily EMA, while MACD has restored expansion into the positive territory ahead of a second wave of the bullish run.
* Hence, it gives us a reason to expect that the bullish momentum could speed up and the price could reach our target in the short- to mid-term.
Active trade signal
Buy @ $18 - 18.50.
Target: $28.
Stop-loss: $14.90.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
