Binance Coin, Ethereum Classic, EOS Price Analysis: 8 December
The past four days have marked a decent bullish attempt for a recovery, but several cryptos, including Ethereum Classic, struggled to negate the 38.2% Fibonacci resistance. However, EOS registered double-digit gains over the past few hours to cross the aforestated hurdle.
On the other hand, Binance Coin continued its long-term movement but showed mixed near-term signs.
Binance Coin (BNB)
Source: TradingView, BNB/USDT
BNB managed to form a symmetrical triangle after an up-channel breakdown on 4 December. Despite a market-wide breakdown, the alt did not part ways with its long-term bullish tendencies. After poking its six-month high on 7 November, the price action saw a pullback as the bears ensured the long-term resistance at the $648.8-mark.
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