Binance Coin, Decred, Tron Price Movement Analysis for 11th April, 2021

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Binance Coin ate up all of the technological goals that were recently given to it, reaching a peak of $487 before falling marginally. Decred seemed to be developing a rising wedge trend, and Tron hinted that it could be able to break through $0.12 once more.

Binance Coin [BNB]

Binance Coin, Decred, Tron Price Analysis: 11 April

Source: BNB/USDT on TradingView

Binance Coin shaped bearish twin peaks when its price was $420, when the Awesome Oscillator recorded a smaller peak than the previous one despite the price increasing. However, BNB did not experience a sell-off at the time, but still found interest in the $415 region and hit a peak of $487.

The Fibonacci extension thresholds provided some price points for BNB, with the next one at 200 percent being $566. The current market trends are so positive that a BNB price increase above $550 is not out of the question.

Decred [DCR]

Binance Coin, Decred, Tron Price Analysis: 11 April

Source: DCR/USDT on TradingView

DCR is forming a potential increasing wedge pattern, which is seen in blue. The pattern does not yet have enough touches, but the next 24-48 hours will reveal whether or not this wedge pattern is validated.

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The rising wedge is a bearish reversal pattern, and if DCR bounces inside it before falling below the lower trendline, it will most likely drop to the $180 area.

The Supertrend indicator indicated a buy signal, but a session close below $185 would change the signal to a sell signal.

Tron [TRX]

Binance Coin, Decred, Tron Price Analysis: 11 April

Source: TRX/USDT on TradingView

The bearish difference between price and momentum is illustrated in orange, with TRX correcting rapidly from $0.142 to $0.104 before climbing higher once more.

Another group of price and RSI trendlines (blue) attempt to grab TRX’s brief pullback and determine a breakout. The price rose above the declining trendline, and the RSI also rose above the trendline and returned to above neutral 50.

This occurred while TRX was trading at $0.116, indicating that TRX was primed for its next upward leap.

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