In this post we analyze the possible trend of the well-known Binance currency of the famous Exchange.
In this last period the company gained more than 30% a remarkable result considering the other crypts that are stalled.
But let's look at the chart and see that it really is happening.
As we can see the market seems to be leading up to the end levels 2017, bubble period, as we can see volumes appear to be increasing in the direction of the uptrend.
But the market should meet resistance to the $ 15.70 value, where the market has rebounded for a long time.
That level is very important to keep an eye on, and if you have an upside position it is better to monetize and then wait for the chore.
The market should cheat the price and then reach the historic max of $ 24.50.
for the moment the market seems to go towards $ 15.50 - 16.00, from there it should stop but it could also continue towards the max.
For sure we will wait for the signal of the candles, such as a formation of a patter candlestick with volumes in sharp decline, this signal preanunciats the inversion of the current trend.
In conclusion, keep an eye on the level of 15.50-16.00 and see if the market begin to show signs of failure, from there you should prepare for a short or otherwise for a last momentum towards the max and then correct the value of the max.
Thanks for reading, leave a like and see you next time.