(Chart by TradingView)
Around March 17, the Binance Coin alligator fell to less than $375. It then continues to rise again until recently.
However, the Moving Average Convergence Divergence (MACD) oscillator, which was previously in a bullish position, has shifted to bearish. This indicates that the price of this asset is falling after previously rising.
Meanwhile, the Stochastic RSI (Relative Strength Index) oscillator appears to be in oversold territory. This means that the market price of this asset is already below its intrinsic price.
And now we see that the previously wide open mouth of the alligator is closing. Will it soon go to sleep or will it descend in search of prey?
Let's continue following the adventure of this Binance Coin alligator.