Binance's Alibaba-Linked Contract Trades Below Its Lower Bollinger Band
Photo: TokenPost
On Oct. 24, Binance's BABAUSDT perpetual futures contract traded at $99.60, down 0.93% over 24 hours and below its lower Bollinger Band of $100.61. The session range was $99.42 to $100.77, the 14-period daily relative strength index (RSI) was 29.44, and Bollinger %B was -0.0674. The RSI was below the commonly used 30 threshold for an oversold reading. At 6 a.m. ET (10:00 UTC), the taker buy/sell ratio was 0.4743, indicating that taker selling exceeded buying. Open interest was about 220,663 contracts, or roughly $21.7 million in notional value, down 1.35% over 24 hours.
Source: TokenPost
