Bullish momentum increases
BNBUSD Price Analysis: 27 October
When buyers hold the $219.2 support level, the $237.0 resistance level might be broken higher, posing a threat to the $254.2 and $276.5 resistance levels. If sellers opposed buyers at $237.0. BNB may close below the critical $219.2 mark, having previously fallen to its most recent lows of $204.9 and $187.3.
BNB/USD Market
Key levels:
Supply levels: $237.0, $254.2, $276.5
Demand levels: $219.2, $204.9, $187.3
BNBUSD Long-term Trend: Bullish
BNBUSD on the daily chart is bullish. The crypto was range-bound between $219.2 and $204.9 levels last week. This ranging movement lasts for three weeks. The bulls gained more momentum and the former resistance level of $219.2 was turned to the support level. Buyers dominate the BNB market at the moment. The price is increasing and it is trying to break up the resistance level of $237.0 level.
The cryptocurrency is in a bullish trend and is trading above the 9- and 21-period exponential moving averages. When buyers hold the $219.2 support level, the $237.0 resistance level might be broken higher, posing a threat to the $254.2 and $276.5 resistance levels. If sellers opposed buyers at $237.0. BNB may close below the critical $219.2 mark, having previously fallen to its most recent lows of $204.9 and $187.3.
BNBUSD medium-term Trend: Bullish
The trend might improve over the next four hours. The battle between buyers and sellers upsets the triple bottom pattern, which was initially seen near the $204.9 support level. Early signs suggested that buyers were trying to corner the market. The price starts to move above $219.2 and $204.9 in response to the buyers’ momentum. The bullish situation may continue till next week..
You can purchase Lucky Block here. Buy LBLOCK
[xyz-ihs snippet="Markets"]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.
