BNB/USD aiming to hit $19 soon after significant shift in momentum

BNB had a notable mini-run that started on July 5 from a low of $15.1 to a high of $18.999 only a few days later. BNB then had a consolidation period and dropped towards $16.5 before the bulls took over again. 

BNB/USD daily chart

Binance Coin price is aiming to hit $18 in the next few hours as it is trading at $17.94 right now. BNB has remained above the daily 12-EMA at $17.45 and it’s trying to climb above $18 before the next resistance level at $18.34, the high of July 20. 

BNB/USD 4-hour chart

BNBUSD

BNB seems to be trading sideways here but has managed to stay above both EMAs for quite some time. The MACD has crossed bullishly but only so slightly.