Binance Coin, Monero, Algorand Price Analysis: 18 November – AMBCrypto English

November 18, 2020 By admin

Crypto Fear and Greed Index stood at 91 to denote extreme greed as Bitcoin, after a brief dip below $17,500, rose past $18,000 once more. Binance Coin broke out of a triangle pattern and showed signs of an uptrend. Monero was also strongly bullish, while Algorand traded within a range over the past two weeks.

Binance Coin [BNB]

Binance Coin, Monero, Algorand Price Analysis: 18 November

Source: BNB/USDT on TradingView

Binance Coin formed a descending triangle and broke out to the upside, but short-term volatility saw the price $28.83 to $27.5.

The RSI has not dipped below 50 in the past few hours and could indicate a short-term uptrend so long as no significant dip below 50 is observed.

The level at $28 has been a pocket of liquidity for the token, and the price can be expected to find support in this region over the next few trading sessions.

In other news, Binance Pool will see the seventeenth phase of Dual Savings Products launched on a first-come, first-served basis.

Monero [XMR]