📈 Daily TA: Binance Coin (BNB/USD) | 08-05-2021

in voilk •  3 days ago

    Hello, dear members of LeoFinance!

    Today I want to make a small update on the price chart of Binance Coin.

    In the 1-hour time frame (1H), BNB/USD formed a Symmetrical Triangle (common trend continuation pattern):
    08.05.2021 BNBUSD.jpg
    As can be seen from the chart, it seems that BNB/USD is slowly exiting the triangle and, probably, resuming the uptrend.

    To be continued ...

    As of the time of writing, one Binance Coin costs approximately $649.57 on the Binance crypto exchange, according to TradingView.


    A few words about me:

    Just to let you know: I've been working professionally as a currency analyst for last almost 15 years, and as a cryptocurrency analyst for last almost 4 years.


    Important!

    Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.


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