Binance Coin BNB/USD is trading at the level of 10.66. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Binance Coin. The test area of the Ichimoku Kinko Hyo signal lines is expected near the area of 10.00, from which we should expect a rebound and an attempt to continue growth with the target at 15.00.
Binance Coin forecast & analysis BNB/USD on April 2018
In favor of the growth of quotations of the cryptocurrency is the formation of the reversal model «Head and Shoulders». Earlier, a weak signal was received for buy of Binance Coin cryptocurrency, due to the crossing of signal lines at the level of 8.70.
The cancellation of the growth of Binance Coin quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 7.80 area, which will indicate a change in the bullish trend in favor of a bearish trend and the reversal of the «Head and Shoulders» reversal pattern. Expect the growth of quotations BNB/USD stands with the breakdown of the resistance area and the closing above the level of 11.50.
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