BUSD’s Hot Streak: Up 4 of the Past 5 Days

The Hourly View for BUSD

  • At the moment, BUSD’s price is down $0 (-0.01%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as BUSD has now gone down 4 of the past 5 hours.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
  • Of note is that the 100 and 20 hour changed directions on BUSD; they are now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

BUSD’s hourly price chart is shown below.

BUSD

The Daily View for BUSD

  • At the time of this writing, BUSD’s price is up $0 (0.05%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as BUSD has now gone up 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Of note is that the 20 and 50 day changed directions on BUSD; they are now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between BUSD’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in BUSD’s price.

Below is a daily price chart of BUSD.

BUSD