Binance Coin, IOTA, BAT Price Analysis – Oct 17

Moneda de Binance it was pulling back some gains as the BNB bulls made gains, and they were likely to resume the uptrend in the next few days. IOTA He was heading down like it was Basic Attention Token. However, both assets could produce a short-term rebound in the coming days.

Moneda Binance (BNB)

Source: BNB / USDT in TradingView

Binance Coin was in a strong uptrend as it tried to break through resistance at the $ 31.9 region. However, the momentum had run out. This was highlighted by the bearish (white) divergence formed.

BNB was forced to fall but showed hidden bullish divergence (orange) just a couple of days after a dip when price formed higher lows while the momentum indicator (RSI) formed lower lows.

This divergence suggested that the the uptrend was still in playThe recent downward movement being only profit-taking. A region to consider would be $ 29.6 to $ 29.8 in the next few days, as it could be a good demand zone.

The rising trend line (cyan) can also serve as support should another dip occur.


Binance Coin, IOTA, BAT Price Analysis - Oct 17Binance Coin, IOTA, BAT Price Analysis - Oct 17

Source: IOTA / USD in TradingView

IOTA closed below the ascending channel (yellow) and continued to post losses. The $ 0.288 resistance region has not been convincing broken since IOTA fell below it in early September.

Marked in cyan there are two levels where IOTA could find support, which are $ 0.257 and $ 0.247. Chaikin Money Flow showed strong capital outflows from the market at the time of this writing.

If CMF moved to the equilibrium zone (yellow on CMF) as price found support at the levels mentioned above, another move towards resistance could be possible.

Basic Attention Token (BAT)

Binance Coin, IOTA, BAT Price Analysis - Oct 17Binance Coin, IOTA, BAT Price Analysis - Oct 17

Source: BAT / USD in TradingView

BAT was moving within a descending (white) channel. The price well respected the midpoint of the channel in recent days.

An upside breakout was possible for the asset in the next few days as it headed towards the support at $ 0.2. A break in trading volume above the average would likely confirm a move to the lower upside down Short term.

However, the market has been in bearish hands since the end of August, and the break to the upside could prove to be nothing more than a profitable bounce.

This is a machine translation of our English version.

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