The exchange (Binance) received its Financial Services Permission (FSP) license from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) (ADGM). As long as the exchange abides by the FSRA’s rules and regulations, this will allow Binance to offer cryptocurrency services in the market.
If bullish sentiment increases, the price of BNB may rise enough to break through the nearby resistance zone between $280 and $285. The gain for traders from this move would be 15.88%, and this is probably where the upside is limited.
Key BNB to Watch – November 17
There has been a bullish scenario from June at $101.90 to November when BNB reached a significant high of $360.20. Binance Coin (BNB) has managed to hold out compared to Bitcoin and Ethereum.
The market condition is bullish since there hasn’t been any break of market structure to the downside. Because of today’s news, the market sentiment for Binance Coin (BNB) appears bullish.
The Relative Strength Index (RSI) also signifies a price in an oversold condition. The market is expected to move above the Moving Average period of 20 to indicate a bullish move towards $360.0.
Binance Coin Key levels
Resistance level: $285.00 $360.00
Support level: $240.30 215.90
Total Market Capitalization: $53.60B
Binance Coin Market Capitalization: $42.88B
Binance Coin Volume: $868.79M
Market rank:5
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.