Binance Coin price finds resistance at $13.60

On the 3rd of April, the Binance Coin price line made its way past the $13.50 mark as the market makes a turn around for most altcoins. The cryptocurrency remained between the $12.90 and $13.60 levels for the day’s trade. ralis24 is a TradingView analyst who believes that the cryptocurrency is positioning for a long play.

1-Day Binance Coin Price Analysis (3rd April)

Binance Coin Price Chart by TradingView

On the price chart for the 3rd of April, the BNBUSD pair reached a price target above the $13.50 level, where it saw a day’s high of $13.5887648 US Dollars. The cryptocurrency saw bears after completing its bullish run across the $13.50 mark. The bears led the price line below the $13.00 level before it retraced above the $13.30 mark. The cryptocurrency closed the day with a trading value of $13.3938717 US Dollars.

Binance Coin: technical indicators

Binance Coin Featured Price Chart

Binance Coin Featured Price Chart by TradingView

The Relative Strength Index (RSI) shows a lot of noise on the chart for the 3rd of April while it moved across level 80.00 to note an overbought instance for the coin, when the RSI reached a high of 83.19. At the time of closing, the RSI stood at 57.70.

In the full-featured chart above, the 50-Day Moving Average (MA) closed below the 20-Day Moving Average (MA), at $13.3621695, while the 20EMA stood at the $13.3652369 mark.

Binance Coin: what’s next?

Binance Coin price finds resistance at $13.60 1

Binance Coin Price Chart by TradingView

ralis24 is of the opinion that the Binance Coin / US Dollar trading pair is positioning itself for a long play over the $13.60 level. The crypto analyst suggested that if the coin breaks past the resistance at the $13.60 mark, the coin will move to its next price target near $18.

Featured Image by Gerd Altmann.

Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.

Source Link