Binance Coin (BNBUSD) Is Targeting $330 Level

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


BNBUSD Price Analysis – August 05

When bears break down the $286 support level by the sellers, price may move towards the $209 and $256 support levels. An increase in bulls’ momentum may break up the resistance level of $330, then, Binance Coin may incline to $361 and $400 levels.

BNB/USD Market

Key levels:

Supply levels: $330, $361, $400

Demand levels: $286, $256, $209

BNBUSD Long-term Trend: Bullish

BNBUSD is bullish on the long-term outlook. The buyers are in control of the Binance coin market. The Crypto is still following the direction of the chart pattern called inverted head and shoulder formed last two weeks. It is the pattern that triggers a bullish movement towards the resistance level of $286. The resistance level of $286 could not hold the price and it is currently moving towards the resistance level of $330.

Buyers continue to dominate the Binance coin market as the price is trading above the two EMAs. The fast moving EMA (9 periods) is above the slow moving EMA (21 periods). The two EMAs are separated to indicate an increase in the bulls’ momentum. When bears break down the $286 support level by the sellers, price may move towards the $209 and $256 support levels. An increase in bulls’ momentum may break up the resistance level of $330, then, Binance Coin may incline to $361 and $400 levels.

BNBUSD medium-term Trend: Bullish

Binance coin is on the bullish movement on the 4 hour chart.  The Binance coin is heading towards the resistance level of $330 after the formation of an inverted head and shoulder chart pattern. The price has broken up the resistance levels of $256 and $286. 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 crypto coins 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
$100 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
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • 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.