Connect with us


Binance Coin, VeChain, BAT Price Analysis: 13 March



Source: Pixabay

Binance Coin bounced on the back of a bullish divergence but the $277 has not yet been tested since the strong drop beneath it. VeChain continued to make strong gains, and Basic Attention Token also bounced off a level of support at $0.73.

Binance Coin [BNB]

Binance Coin, VeChain, BAT Price Analysis: 13 March

Source: BNB/USDT on TradingView

Binance Coin fell and found support at the $257 level. The divergence between price and momentum was spotted on the hourly chart. As the price approached $257, the RSI made higher lows. This bullish divergence was followed by a test of support and a bounce to $273, and the price was trading at $270 at the time of writing.

RSI was back at neutral 50 but it remains to be seen if it can climb above or face rejection. For BNB, a possible buying opportunity would be a retest of $257. A breakout past $278 and retest of the same can also be used to enter a long position.

VeChain [VET]

Binance Coin, VeChain, BAT Price Analysis: 13 March

Source: VET/USDT on TradingView

VET appears to have cooled off in a longer-term outlook, but it has still seen two moves greater than 10% in the past 48 hours alone. VET continued to trend upward strongly, and the target of $0.077 was still a valid technical target based on Fibonacci extension levels.

The recent correction from $0.0711 to $0.0628 was quickly bought and an indication of strong demand. A bearish divergence was seen on the 4-hour and 6-hour charts between price and momentum and was likely the reason for this recent correction.

The upward momentum has picked up once more, and the previous high at $0.071 is the immediate target.

Basic Attention Token [BAT]

Binance Coin, VeChain, BAT Price Analysis: 13 March

Source: BAT/USD on TradingView

Based on a move for BAT from $0.45 to $0.844 earlier this month, some Fibonacci levels of retracement were plotted.

The OBV painted a clear picture of the recent bearish pressure following the rejection at $0.88. The rejection from $0.88 saw some steady selling volume, but this was reversed at the $0.73 mark where buyers stepped in.

The OBV also moved higher in recent hours to reflect demand, while the RSI climbed to neutral 50 and could follow the price higher.

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.

Please select your Email Preferences.

A Biomedical engineering graduate, Yash focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Click to comment

Leave a Reply

Your email address will not be published.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.