Binance Relatively Moderate Towards Bulls
BNB/USD is trading at $17.8539 at the time of the analysis and is currently moves upward trend at the rate of +0.66. The cryptocurrency market has experienced a number of shifts over the weekend and has affected the trends of shift. The market has been facing deviations and fluctuations making it difficult to predict the variations. The overall market is currently declining and has its influence on most of the altcoins except for Binance and Tether. Meanwhile, BNB/USD ended 15th with a serious uptrend and started declining. At present Binance is making its way to bulls. The coins aim to reach the resistance areas involving the sellers to participate in the market by having a rebel effect against the alt-coins.
BNB/USD Price Analysis Forecast for October 17th 2019: Moderate Bulls. The pair is growing at a rate of + 1.10% depicting the positive trend. The exponential moving average at 17.7526 makes way to bull. The orange and blue MACD’s at -0.1768 and -0.1324 predict relatively upward movement for further positive development. The RSI at 48.22 indicates sellers playing along with the bulls. The price may range from $17.8539- $18.0000.
Revocation of the above inclines may switch back the resistance line to the entrance of the buyer. Buyers will influence the market by enhancing their buying power leading to less involvement of sellers in the market. This will tend the market to move towards the bears. Then price may vary from $17.8539- $17.5000.