How to trade the next 20% upswing in Binance Coin price - Aliens: AI Crypto News & Markets Updates
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How to trade the next 20% upswing in Binance Coin price

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FX Street

Fri, May 20, 2022

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Aliens TLDR

Binance Coin price is consolidating around $311 for roughly a week.

Investors can expect BNB to trigger a 20% upswing to $370 and fill the price inefficiency.

Binance Coin price is on a recovery rally and shows promise of a further uptrend.

Adding credence to this run-up is the price inefficiency that is likely to propel BNB higher.

Binance Coin price crashed to $205 on May 13 as the crypto markets crumbled due to the LUNA-UST debacle.

Over the last 24 hours, Binance Coin price has recovered 8% of its losses and shows promise of an uptrend.

Investors can expect Binance Coin price to revert to the mean and fill up the FVG.

BNB/USDT 1-day chart Regardless of the optimism around Binance Coin price, a quick downturn in Bitcoin price could ruin the setup for BNB.

FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

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