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Catherine Coley, Binance US CEO Interview With Kiana Danial, Invest Diva [Video]

Catherine Coley, Binance US CEO Interview With Kiana Danial, Invest Diva [Video]
Kiana Danial, CFPKiana Danial, CFPInvest Diva

Kiana Danial’s Binance Coin (BNB) Price Analysis

Trading versus the US dollar, Binance coin (BNB) has recently broken below the daily Ichimoku cloud. While this can be considered a bearish indication, we also have a bullish indication in the process. The BNB/USD has been struggling to break below the 14.80 support level.

Not only that, the pair may even be in the process of forming a Double Bottom bullish reversal chart pattern.

Kiana

The future Ichimoku cloud remains bearish. With that, at this point, we are in a wait-and-see mode. If the $14 support level doesn’t hold, the pair may continue on its longer-term downtrend. Otherwise, if the Double Bottom pattern confirms on top of a bullish Ichimoku signal, the pair could start a brand new uptrend.

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Author

Kiana Danial, CFP

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

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