Context:
The Binance crypto exchange. During the gold rush, the sure fire route to success was to sell pick axes and shovels. Binance are certainly benefiting from the cyrpto gold rush today. The BNB token has become a bit of a hedge in the bearish crypto markets and has been following a long a upward trend as shown.
Current Trend:
Price is now above dynamic support, indicated by Ichimoku cloud and price action analysis.
Target:
LONG Entry $14.10
Stop loss: $13.20
Target 1: $16.10
Risk Reward: 2.2
Long Term Target:
Target 2: $18
Target 3: 20Trading price is now above dynamic support and by price action analysis.