GreenDillys

BNB Daily Ready for Rebound?

Long
BINANCE:BNBBTC   Binance Coin / Bitcoin
BNB has recently been a "safe haven" during BTC drops. During this short-lived bitcoin rally, BNB has suffered somewhat, and now looks to be bottoming out on the daily chart. The Stochastic RSI is at a value of 0, while price action remains above the Ichimoku Cloud, in addition to sitting just above horizontal support at ~0.002515. While the shorter time-frame charts still appear somewhat bearish, I believe that with our incoming BTC drop, BNB is primed for recovery. Entry is recommended below 0.0021, with no clear target in sight. A new all time high is expected, and I will ride the wave until a significant change in sentiment occurs.

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