Technical analysis of BNB / USD and TRX / USD – Bitcoin in growth, how does it look on the BNB and TRX chart?
2 min read
Today we look at Binance Coin and Tron. Bitcoin got above 9,000 USD, but altcoins mostly just copy its 3.5% growth.
[BNB / USD] In 2020 to the current value: +54.95%
Binance Coin reached $ 17.68 during the last market slump. We are currently at $ 21 and it seems that the bulls could be successful in trying to gain new support at this level. We do not see any weakening in the market yet. If we broke resistance at $ 21 and then confirmed it as support, these values could represent several options for upward bouncing in the future.
The next resistance we see at 23 USD, which is relatively weak. If Bitcoin’s growth will continue and we get to another level of resistance at $ 9,150 and $ 9,550, the BNB can get to this $ 23 resistance.
[TRX / USD] In 2020 to present value: + 38%
Tron has not shown up this year and its appreciation is only 38% so far. This is one of the reasons why we are expecting some information from Justin Sun, as is customary. At a time of growth, the chart might look something like this. Creating a double peak completes the entire cycle of the first third of the year.
Stagnation and sideways movement are currently underway. This could reassure investors and give them some confidence in the continuation of growth. We see the closest resistance at 0.020 USD and the top values for 2020 have so far reached 0.027 USD. With the right timing, we could see growth similar to the last of the beginning of the year, which lasted until February. TRX has built support at 0.0159-0.017, which has stood the test and should be a reflection for the next pump.
