technical analysis on how to trade binance
Binance (BNB) technical analysis: Trade setup: Following a bearish breakout from Descending Triangle, price dipped to $450 support (also 200-day MA), which could be a swing entry with upside to $500. Also, it’s oversold (RSI ~ 30). (set a price alert). Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45). OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers). Support and Resistance:: Nearest Support Zone is $450, which it broke, then $400. The nearest Resistance Zone is $500, then $600 and $670 (ATH What is Binance (BNB)? History Binance is a crypto exchange that started in the summer of 2017 and quickly became one of the largest in the world by trading volume, recording $200 million in profit in its second full quarter of operation. Binance Coin was launched as an