Binance NOW Futures Accounts Lean Long Despite Weak Momentum Signals
Photo: TokenPost
Binance’s futures contract labeled NOW traded at $102.30 on Nov. 7, with account data showing a long tilt as technical indicators remained weak. The contract gained 0.17% over 24 hours and traded between $100.76 and $103.96. Immediate support was $100.72 and resistance was $103.92. Stronger support stood at $99.14, while stronger resistance was $105.54. The 14-period relative strength index (RSI) was 26.59, an oversold reading. Stochastic %K was 4.64, and the moving average convergence divergence (MACD) reading was negative 11.0036. The contract was below its seven-day simple moving average of $105.02 and 12-day exponential moving average of $112.77.
Source: TokenPost
