The BNBUSD trading pair turned bearish on the 15th of April. The cryptocurrency fell towards the $14.60 levels as the day came to an end.
1-Day Binance Coin Price Analysis (15th April)
After beginning the day at the $15.60 level, the price line was observed moving across the $15.80 mark where it saw a day’s high of $15.8814926 US Dollars. After this, the cryptocurrency’s price line was seen moving downwards on the chart as the day moved to its conclusion. The trading pair reached the $15.00 after midday on the 15th of April, while it traded between the $15.00 and $15.20 marks until after 23:00 GMT when the price further fell towards the $14.60 mark. The cryptocurrency closed the day after experiencing yet another fall, where it reached the $14.2646957 mark.
Binance Coin: technical indicators
The 20-Day Exponential Moving Average (EMA) closed below the 50-Day Moving Average (MA), at $14.5500421. The 20EMA moved below the 50MA after 19:00 GMT while the 50MA closed at $14.5800112.
The Relative Strength Index (RSI) was observed as a bearish indicator for the 15th of April. The RSI closed at 13.67, while the featured chart shows several instances where RSI had moved below the 20.00 mark. This means that the coin was oversold at multiple instances.
Featured Image by Steve Buissinne.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan holds no liability towards any investments based on the information provided on this page.