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Binance Coin, IOTA, BAT Price Analysis: 10 November

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Bitcoin spent a large part of the past few days trading in the vicinity of $15,400. It was valued at $15,361 at press time and its sideways movement appeared to benefit some altcoins.

Source: CoinStats

Binance Coin appeared poised for a breakout, while IOTA’s bullish momentum faded. BAT showed a divergence that could take it higher.

Binance Coin [BNB]

Binance Coin, IOTA, BAT Price Analysis: 10 November

Source: BNB/USDT on TradingView

Binance Coin formed a symmetrical triangle (blue) on the chart, a pattern that can see the price break toward either direction. The OBV also showed a series of lower highs and higher lows.

Continued buying volume could see the price catch up to demand, and drive BNB up to $29. Another level of resistance in the vicinity was $29.75, highlighted by the Fibonacci Retracement tool.

A close below the pattern could see BNB head toward the $26.7 region.


Binance Coin, IOTA, BAT Price Analysis: 10 November

Source: IOTA/USD on TradingView

IOTA broke out of a descending channel a few days ago and fell short of testing resistance at $0.288.

The descending trendline was a short-term target for IOTA bulls to flip, but IOTA straddled support at $0.25. Moreover, its momentum could be shifting in favor of the bears.

The RSI dropped beneath the neutral 50 line and retested it as resistance. If IOTA closed a trading session beneath the support, it could fuel a wave of selling pressure that would take IOTA to the next level of support at $0.235 in the coming days.

Basic Attention Token [BAT]

Binance Coin, IOTA, BAT Price Analysis: 10 November

Source: BAT/USD on TradingView

BAT was trading above support at $0.2, and the MACD formed a bullish crossover above the zero line for the crypto-asset. This signal could see BAT rise to the next level of supply at $0.21.

A hidden bullish divergence was also at play, as the momentum indicator formed lower lows while the price made higher lows.

In conclusion, a rise in price by nearly 5% could play out over the next few trading sessions.


Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.
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