• Cryptocurrencies: 2108
  • Markets: 16362
  • Market Cap: $140200735435.89
  • 24h Vol: $30965395159.492

Binance Coin to trade on EToro: Price Analysis

  • Etoro has announced that they will be listing Binance Coin to be freely traded
  • BNB will be listed later this week
  • The market has not yet reacted to this news
  • As of writing BNB is 2% down on the day.

BREAKING. FOR IMMEDIATE TRADE AND INFORMED DECISIONS

What does the Technical Analysis Suggest? 

  • As a result of Bitcoin down 2% on the day, BNB has matched that to also be 2% down on the dat
  • BNB has been in high accumulation over the past 4 Months
  • The past 1 month has had heavy sell side pressure
  • The lowest it has seen in the past four months is $8 – the high being $12.25
  • Currently being traded within 2 tight ranges.
  • Trading under the 15MA at the moment – this can be used as a resistance, with the bullish news BNB could trade at over $10.5 in the next 48 Hours.

What does the short-term T/A suggest? 

  • There are several volume gaps at $8.40 and $11
  • As a result of this bullish news and the entire crypto market looking for profit making coins – BNB could be Fomo’d into.

What should I do if i want to enter into this trade?

  • Beaware that the lows is $8 and the highs $12.25
  • That BNB could revisit $8 – however as  result of the bullish news it will seek to retest $12.25

Enter at market level and take profit at $11 with a full take profit at $12.25. Stop loss should be at $9.46

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

Show Your Views:
  •  (1)
  •  (0)
  •  (0)
  •  (0)
1121

ViFeed Indicators

Bitcoin (BTC)
$4048.55
61.00 RSI
-0.12%
Hold
Ethereum (ETH)
$140.1
41.00 RSI
-0.98%
Buy
XRP (XRP)
$0.32
72.00 RSI
-0.40%
Sell
Litecoin (LTC)
$60.59
58.00 RSI
-2.36%
Hold
EOS (EOS)
$3.76
26.00 RSI
-0.91%
Buy
Bitcoin Cash (BCH)
$161.78
61.00 RSI
-1.00%
Hold
Stellar (XLM)
$0.12
75.00 RSI
6.78%
Sell
Binance Coin (BNB)
$15.7
40.00 RSI
-0.82%
Buy
Tether (USDT)
$1.01
14.00 RSI
0.48%
Buy
TRON (TRX)
$0.02
42.00 RSI
-1.06%
Buy
How much do you invest a month into Crypto