Binance (BNBUSD) Price: Bears and Bulls Momentum Are Equal, Ranging Movement in Progress

Updated:

Checkmark

Service for copy trading.

Checkmark

High profitable signals.

Checkmark

24/7 cryptocurrency trading.

Checkmark

10 minute setup with significant benefits.

Checkmark

79% Success rate.

Checkmark

Up to 40 trades per month.

Checkmark

Monthly subscriptions begin at £58.


BNBUSD Price Analysis – March 18

In case the daily candle close above the $397 resistance level, the price may increase to $448, penetrate it, and expose the price to the $516 resistance level. Should it breaks down the support level of $329, then $256 and $147 support level may be tested.

BNB/USD Market

Key levels:

Supply levels: $397, $448, $516

Demand levels: $329, $256, $147

BNBUSD Long-term Trend: Ranging

BNBUSD is on the ranging mode in the long-term outlook. The ranging movement continues in the Binance Coin market. The bulls’ momentum is at equilibrium with the Bears’ momentum. The resistance level of $397 remains on hold and the support level of $329 has not given way for the price. The coin has been on the ranging movement for more than three weeks in the daily chart. The price is awaiting a spark to rally towards south or north.

Daily 26

The two EMAs are interlocked to each other, and the price is trading over and around the 9 periods EMA and 21 periods EMA which connote that price ranging is in progress. In case the daily candle close above the $397 resistance level, the price may increase to $448, penetrate it, and expose the price to the $516 resistance level. Should it breaks down the support level of $329, then $256 and $147 support level may be tested. The relative strength index period 14 is parallel to the 51 levels as a symbol of ranging market.

BNBUSD medium-term Trend: Ranging

The Bulls pressure remains weak and this make it unable to break up the resistance level of $397. When the price was pushed to test the support level of $329 last week, in the same way, the bears could not break down the just mentioned support level. The price continues a ranging movement within the $397 and $329 price level.

4hours 26

The 9 periods EMA is interlocked to the 21 periods EMA and the coin is hovering around and over the two EMAs to indicate that consolidation is in progress. The Relative Strength Index period 14 is not displaying a specific market direction.

You can purchase Lucky Block here.  Buy LBlock:

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.