Binance Coin (BNBUSD) Is Recovering From Last Month Loss

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


BNBUSD Price Analysis – September 09

When bulls break up the $288 resistance level by the buyers, price may move towards the $330 and $400 resistance levels. An interruption by the bears’ momentum may break down the support level of $286, then, Binance Coin may reduce to $256 and $209 levels.

BNB/USD Market

Key levels:

Supply levels: $288, $330, $361, $400

Demand levels: $286, $256, $209

BNBUSD Long-term Trend: Bullish

BNBUSD is bullish on the long-term outlook. The buyers are trying to take over of the Binance coin market. The Crypto followed the direction of the chart pattern called inverted head and shoulder formed last month. It is the pattern that triggers a bullish movement towards the resistance level of $330. The resistance level of $330 hold the price and the price pulled back to retest the support level of $286. At the moment, price is breaking up the resistance level of $286.

Buyers’ pressure is increasing to dominate the Binance coin market as the price is trading above the two EMAs. The fast moving EMA (9 periods) is crossing the slow moving EMA (21 periods) upside to indicate an increase in the bulls’ momentum. When bulls break up the $288 resistance level by the buyers, price may move towards the $330 and $400 resistance levels. An interruption by the bears’ momentum may break down the support level of $286, then, Binance Coin may reduce to $256 and $209 levels.

BNBUSD medium-term Trend: Bullish

Binance coin is on the bullish movement in the 4 hour chart.  The Binance coin is heading towards the resistance level of $330 after the pullback observed from $330 level. The price is breaking up the resistance levels of $300. More pressure from the bulls may lead to the breaking up of the mentioned level.

The Binance Coin is trading above the 9 periods EMA and 21 periods EMA which indicate that buyers are in control of Binance coin market.

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • 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
$50 Min Deposit
9
  • 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.

Leave a Reply

Your email address will not be published. Required fields are marked *