Binance Coin BNB/USD is trading at the level of 12.18. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Binance Coin. The test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the area of 12.00, from which one should expect a rebound and an attempt to continue growth with the target at 16.00.
Binance Coin forecast & analysis BNB/USD April 7, 2018
In support of growth of quotations of cryptocurrency, a test of the level of support will perform. Earlier, a weak signal was received for sell of the Binance Coin cryptocurrency, due to crossing of the signal lines at the level of 12.15.
The cancellation of the growth of Binance Coin quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 10.50, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the growth of quotes BNB/USD stands with the breakdown of the upper limit of the model «Triangle» and the closing above the level of 14.00.
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