BNB price may bounce from $219.2
BNBUSD Price Analysis: 24 November
Buyers holding the $219.2 support level might break the $237.0 resistance level, putting the $254.2 and $267.5 resistance levels in jeopardy. If purchasers disagree with sellers at $237.0. BNB may have closed below the critical $219.2 barrier, reaching its most recent lows of $204.9 and $187.3.
BNB/USD Market
Key levels:
Supply levels: $237.0, $254.2, $267.5
Demand levels: $219.2, $204.9, $187.3
BNBUSD Long-term Trend: Bearish
BNBUSD daily chart shows a downward trend. The cryptocurrency’s price ranged between $219.2 and $204.9 a few weeks ago. This range movement lasted for three weeks. $219.2, which had been a resistance level, became a support level as the bulls gained momentum. Buyers dominated the BNB market last week. The price increased and tested $267.5 level. On 21 November, sellers gained momentum and the price was pushed down drastically to retest $219.2 level.
As of this now, the cryptocurrency’s price is trending downward and is below the exponential moving averages with periods of 9 and 21. Buyers holding the $219.2 support level might break the $237.0 resistance level, putting the $254.2 and $267.5 resistance levels in jeopardy. If purchasers disagree with sellers at $237.0. BNB may have closed below the critical $219.2 barrier, reaching its most recent lows of $204.9 and $187.3.
BNBUSD medium-term Trend: Bearish
Over the following four hours, the trend might get better. The triple bottom pattern, which was first seen on October 15 at the $204.9 support level triggered a bullish trend. This resulted in an increase in price. The resistance level of$267.5 was tested on November 21. Sellers could not endure further increases, a strong bearish candles were produced which lowered the price to $219.2 level. Sellers are currently in charge of the market.
BNB is currently trading in proximity to the exponential moving averages with periods of 9 and 21. A buy is indicated by the relative strength index period 14 signal line’s upward increase at level 44.
You can purchase Lucky Block here. Buy LBLOCK
- 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.