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23.12 - 15:49
Binance Coin, Filecoin, Waves Price Analysis: 18 December
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BNB tested the $532.8-mark after facing strong resistance while Filecoin formed a descending triangle. Their near-term technicals flashed bearish bias. Waves, on the other hand, displayed mixed signals.
Binance Coin (BNB)
Source: TradingView, BNB/USDT
Over the past few days, BNB formed an up-channel as the bulls endeavored to retest the $532.8-mark after breaching it for a day on 16 December.
The 4-hour chart saw a longer green candlestick on 18 December as the price bounced back from the lower channel (yellow) and crossed the 20-SMA (red) hurdle.
The previous down-channel (white) saw a recovery from the $505-mark that the bulls have ensured for seven weeks now.
At press time, BNB traded 22.5% below its ATH at $532.2. The RSI felt resistance
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