ApeCoin, Binance Coin & SafeMoonm — Asian Wrap 27 May

ApeCoin exhibits full bearish control. A drop towards the $5.00 target is a high probability occurrence in the near future. ApeCoin price is still following the macro technicals forecasting a $2.00 target. Invalidation of the bearish thesis is a breach above $13.50.

 

Binance Coin price could be setting up for a plummet back to $217. Binance Coin price has breached the ascending parallel channel to start this Friday’s trading session. This week, it was mentioned that the future for BNB price was highly dependent on the directional breakout from the channel.  

 

Safemoon price has displayed impressive strength within the crypto market. There is no evidence at the current time suggesting an end to the current uptrend move. Safemoon price continues to follow the technicals predicted two weeks ago as the bulls produce an 80% rally.