Binance Coin, Filecoin, Waves Price Analysis – Dec 18

BNB tested the $ 532.8 mark after facing stiff resistance as Filecoin formed a descending triangle. Its short-term technical data showed a bearish bias. Waves, on the other hand, showed mixed signals.

Moneda de Binance (BNB)

Source: TradingView, BNB / USDT

In recent days, BNB formed an ascending channel as the bulls struggled to retest the $ 532.8 mark after breaking it for one day on December 16.

The 4-hour chart saw a longer green candle on Dec 18 as price rebounded from the lower channel (yellow) and crossed the 20-SMA (red) hurdle.

The previous descending channel (white) saw a rally from the $ 505 mark that the bulls have been locking in for seven weeks.

At press time, BNB was trading 22.5% below its ATH at $ 532.2. The RSI felt resistance near the midline for the past eight days while swinging near the 50 mark. In addition, the DMI The lines showed a bearish bias. Since the last two candles had quite declining volumes, any break above $ 532.8 could be difficult to sustain.

Filecoin (FIL)

FIL witnessed the breakout of the descending triangle on December 3. Its move persistently loosened as the bulls failed to hold the $ 52.5 mark (20-week resistance). Price action consistently hit lower highs as pressure began to build on the bulls to hold their position. On December 3, FIL reached its nine-month low at $ 32.5.

Over the past 14 days, FIL once again saw a descending triangle on its 4-hour chart. Now, the bulls will be scrambling to hold the $ 35.6 mark to avoid a further breakout.

At press time, the alt was trading at $ 36.44. While the Supertendencia understandably for sale signals flashed, the RSI faced immediate resistance near the midline. In addition, the DMI It slightly preferred bears, but the ADX showed a weak directional trend.


WAVESUSD 2021 12 18 18 31 43

Source: TradingView, WAVES / USD

WAVES has fallen steadily since mid-October as it marked two descending channels and broke multiple resistance points. The altcoin has lost almost half of its value since October 15 to date.

In the past few days, bears broke above $ 16.9 (18-week support) until price action rebounded from its lower channel near the $ 14.3 mark. The breakdown of the descending channel fueled short-term bullish momentum above the 20-50 SENIOR HIGH SCHOOL. However, it saw a sharp retreat immediately on December 17.

At press time, WAVES was trading at $ 17.47. The RSI it dipped from the overbought region towards the midline and moved sideways. The DMI preferred bulls with a high directional trend. However the MACD The histogram showed red signs after falling below the zero line.

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Binance Coin, Filecoin, Waves Price Analysis – Dec 18

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