Binance Coin (BNBUSD) Price; Formation of Head and Shoulder Chart Pattern, Price May Fall     

Binance Coin (BNBUSD) Price; Formation of Head and Shoulder Chart Pattern, Price May Fall     

BNBUSD Price Analysis – May 07

Further increase in the buyers’ momentum will push the Binance Coin to the resistance level of $663 and if the daily candlestick close above it, then, the price may increase further to test the $758 and $850 resistance levels. Inability to break up the resistance level of $663 by the bulls, BNBUSD will decrease to the support levels at $599, $503, and $420.

BNBUSD Market

Key levels:

Resistance levels: $678, $758, $850

Support levels: $599, $503, $420

BNBUSD Long-term trend: Bullish

Binance coin is bearish on the daily chart. Two weeks ago, the coin retraced to test the support level of $503. The bulls gained more pressure with the formation of bullish engulfing candle; the price increases to the resistance level of $678 after broken up the former resistance level of $599. The resistance level of $678 was defended by the bears with the formation of a bearish engulfing candle on May 04.  The price is currently declining towards $599 level.

BNBUSD Daily chart, May 07

Binance Coin is attempting to penetrate the fast moving average and the slow moving average downside. However, it is trading above the 9 periods EMA and 21 periods EMA at close contact which indicate that the bulls’ momentum is gradually reducing in the Binance coin market. The Relative Strength Index period 14 is at 60 levels with the signal lines pointing down to indicate a sell signal. An increase in the sellers’ momentum will push the Binance Coin to break down the support level of $599 and if the daily candlestick close below it, then, the price may decrease further to test the $503 and $420 support levels. Inability to break down the support level of $599 by the bears, BNBUSD will continue bullish trend to the resistance levels at $678, $758, and $850.

BNBUSD medium-term Trend: Bearish

BNBUSD is bearish in the 4-hour chart. The price action has formed a head and shoulder on the 4-hour chart; this is a bearish chart pattern. It means the price may fall. The price tested the resistance level of $678 on May 03. The price could not penetrate the level but rather pulled back to test the support level of $599, it bounced and currently trying to retest the just mentioned level second time.

BNBUSD 4-hour chart, May 07

Binance coin has crossed 9 periods EMA and 21 periods EMA downside and the coin is trading below the two EMAs which indicate an increase in the bears’ momentum.

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Bitcoin Cash (BCH) Price Analysis: BCH Battles $1,000 Resistance Zone, May Resume Up trending

Bitcoin Cash (BCH) Price Analysis: BCH Battles $1,000 Resistance Zone, May Resume Up trending

Key Highlights “
BCH struggles to break above $1,000 resistance
The altcoin has a target price of $1,966 high

Bitcoin Cash (BCH) Current Statistics
The current price: $1,020.85
Market Capitalization: $21,433,893,350
Trading Volume: $2,596,463,445
Major supply zones: $700, $720, $740
Major demand zones: $250, $230, $210

Bitcoin Cash (BCH) Price Analysis May 3, 2021
Bitcoin Cash price has broken above the $900 support. The crypto’s price is above the moving averages which suggests a possible upward movement of price. However, buyers are finding it difficult to push BCH above the $1,000 high. The $1,000 resistance is the previous price level of April 19. In April, buyers could not break the recent high. Consequently, BCH dropped to $760 low. The bulls have bought the dips as the market resumed a fresh uptrend. On the upside, if buyers break the current resistance, BCH price will retest or rally above $1,200 overhead resistance.

BCH/USD -Daily Chart

Bitcoin Cash Technical Indicators Reading
BCH price has risen to level 63 of the Relative Strength Index period 14. The coin is in the uptrend zone and approaching the overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating an uptrend. BCH will continue to rise as long as the crypto’s price is above the moving averages.

BCH/USD – 4 Hour Chart

Conclusion
On the 4 Hour Chart, BCH has resumed an upward move. The Fibonacci tool has indicated an upward movement of the coin. On April 16 uptrend .a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that BCH will rise to level 2.0 Fibonacci extension or the high of $1,966. 71.

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Bitcoin SV Price: Buyers Return to Dominate BSV Market

Bitcoin SV Price: Buyers Return to Dominate BSV Market

Bitcoin SV Price Analysis – May 03

In case the bulls penetrate the resistance level of $364, there will be an increase in price towards the resistance level of $439 which may extend to $520 level. If the bears’ momentum interrupt the bullish momentum at $364, the price may face the support levels at $311, $439 and $520.

BSV/USD Market

Key Levels:

Resistance levels: $364, $439, $520

Support levels: $311, $233, $217

BSV/USD Long-term Trend: Bullish

Bitcoin SV is Bullish on the daily chart. The bulls defends the support level $233 last week, the price increases towards the resistance level of $311. The mentioned level was penetrated with a strong daily bullish candles and the price increase towards the resistance level of $364. There is tendency that the price will increase and test the resistance level of $364.

Bitcoin SV Daily chart, May 03  

Bitcoin SV has penetrates the dynamic support and resistance levels upside and the price is currently trading above the 9 periods EMA and 21 periods EMA which indicate that bulls are dominating the Bitcoin SV market. In case the bulls penetrate the resistance level of $364, there will be an increase in price towards the resistance level of $439 which may extend to $520 level. If the bears’ momentum interrupt the bullish momentum at $364, the price may face the support levels at $311, $439 and $520.

BSV/USD Medium-term Trend: Bullish

Bitcoin SV is bullish on the medium-term outlook. The BSV formed a double bottom chart pattern on 4-hour chart on April 23 – 25. This bullish chart pattern triggers the bulls’ momentum and the price increases to break up the resistance level at $311. The price is currently targeting the $364 price level.

BSVUSD 4-hour chart, May 03

The price is increasing and it has crossed the two EMAs upside. The price is trading above the 9 periods EMA and 21 periods EMA which connotes a bullish movement. The relative strength index is displaying a bullish signal at the 70 levels which indicates further increase in price.

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Binance Coin (BNBUSD) Price Breaks Up $599 Level, Targeting $663

Binance Coin (BNBUSD) Price Breaks Up $599 Level, Targeting $663

BNBUSD Price Analysis – April 30

Further increase in the buyers’ momentum will push the Binance Coin to the resistance level of $663 and if the daily candlestick close above it, then, the price may increase further to test the $758 and $850 resistance levels. Inability to break up the resistance level of $663 by the bulls, BNBUSD will decrease to the support levels at $599, $503, and $420.

BNBUSD Market

Key levels:

Resistance levels: $663, $758, $850

Support levels: $599, $503, $420

BNBUSD Long-term trend: Bearish

The bulls prevail over the bears in the BNBUSD market. The coin was under the pressure of the sellers last week and this decreased the price to the support level at $503. The buyers interrupts the sellers at the mentioned support level with the formation of bullish engulfing candle. The price is pushed up towards the resistance level at $599. Today, the price has broken up the just mentioned resistance level. The price is exposes to $663 level.

BNBUSD Daily chart, April 30

Binance Coin has penetrated the fast moving average and the slow moving average; it is trading above the 9 periods EMA and 21 periods EMA which indicate that the bulls are in control of the Binance coin market. The Relative Strength Index period 14 is at 70 levels with the signal lines pointing up to indicate a buy signal. Further increase in the buyers’ momentum will push the Binance Coin to the resistance level of $663 and if the daily candlestick close above it, then, the price may increase further to test the $758 and $850 resistance levels. Inability to break up the resistance level of $663 by the bulls, BNBUSD will decrease to the support levels at $599, $503, and $420.

BNBUSD medium-term Trend: Bullish

BNBUSD is bullish in the 4-hour chart. The support level of $503 prevented further decrease in price due to the low bearish momentum. The price tested the level on 25 April, the Binance coin reverses and increase to break up $599 level. It is currently heading towards the resistance level at $663.

BNBUSD 4-hour chart, April 30

The price has penetrated 9 periods EMA and 21 periods EMA upside while the coin is trading above the two EMAs which connotes an increase in the bulls’ momentum.

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Binance Coin (BNBUSD) Price Forms Double Top Chart Pattern, Price Declination Is Possible

Binance Coin (BNBUSD) Price Forms Double Top Chart Pattern, Price Declination Is Possible

BNBUSD Price Analysis – April 23

Increase in the sellers’ momentum will push the Binance Coin below the support level of $503 and if the daily candlestick close below it, then, the price may decrease further to test the $420 and $364 support level. Failure to break down the support level of $503 by the bears will increase the price to the resistance levels at $599, $663, and $758.

BNBUSD Market

Key levels:

Resistance levels: $599, $663, $758

Support levels: $503, $420, $364

BNBUSD Long-term trend: Bearish

The bears are getting ready to take over the BNBUSD market. In other words Binance coin is bullish in daily chart. The bulls pushes the coin to test the resistance level at $599 on April 12. It pulled back to retest the support at $420.The price could not break down the mentioned level and pulled back. The resistance level of $599 is tested second time on April 20 to form a double top chart pattern. The price may decrease further.

BNBUSD Daily chart, April 23

Binance Coin is penetrating the fast moving average and the price is trading in between the 9 periods EMA and 21 periods EMA which indicate that the bears are gaining upper hand in the Binance coin market. The Relative Strength Index period 14 is above 50 levels with the signal lines pointing down to indicate a sell signal. Increase in the sellers’ momentum will push the Binance Coin below the support level of $503 and if the daily candlestick close below it, then, the price may decrease further to test the $420 and $364 support level. Failure to break down the support level of $503 by the bears will increase the price to the resistance levels at $599, $663, and $758.

BNBUSD medium-term Trend: Bearish

BNBUSD is bearish in the 4-hour chart. The resistance level of $599 was tested on 12 April, the Binance coin bounces back due to weak bullish momentum. The price descends and penetrates the support level at $503 and it is moving towards the support level of $420.

BNBUSD 4 hour chart, April 23

The price is currently retesting the broken level. The price has penetrated 9 periods EMA and 21 periods EMA downside while the coin is trading below the two EMAs which connotes an increase in the bears’ momentum.

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Bitcoin SV Price Rejects at Resistance Level of $440, Declining Towards $285

Bitcoin SV Price Rejects at Resistance Level of $440, Declining Towards $285

  Bitcoin SV Price Analysis – April 19

Further increase in the bears’ momentum may push down the coin to $285 level, which may decrease the price to $259 and $233 support level. In case the bulls oppose the bears’ pressure and the price is rejected at $285, the bulls may take over the market.

BSV/USD Market

Key Levels:

Resistance levels: $311, $364, $440

Support levels:  $285, $259, $233

BSV/USD Long-term Trend: Bearish

Bitcoin SV is Bearish on the daily chart. The crypto was under the buyers’ control last week. The buyers’ pressure has push the coin to the resistance level of $488. The bulls’ momentum could not penetrate the mentioned level when the bears defends the level. Strong bearish candles emerges at the resistance level of $440, the price decline towards the support level at $285 after breaking down the $364 and $311 level.

Bitcoin SV Daily chart, April 19

Bitcoin SV is penetrating the dynamic support resistance levels and the price is currently trading between the 9 periods EMA and 21 periods EMA which indicate that bears’ pressure is increasing. Further increase in the bears’ momentum may push down the coin to $285 level, which may decrease the price to $259 and $233 support level. In case the bulls oppose the bears’ pressure and the price is rejected at $285, the bulls may take over the market. However, the relative strength index period 14 is at 50 level bending down to indicate sell signal.

 BSV/USD Medium-term Trend: Bearish

Bitcoin SV is bearish on the medium-term outlook. The high of $488 level was reached on April 16 with a strong bullish candle. The bears defended the mentioned level and the bullish candle turned to an inverted pin bar; this is a bearish signal. The price declines to $311 price level with a strong momentum. The support levels of $364 and $311 has been penetrated downside. The price is currently at $285 price level.

Bitcoin SV 4-hour chart, April 19

 

The two EMAs are separated from each other and the price is trading below the EMAs which connotes a strong bearish movement. The relative strength index is displaying a bearish signal at the 40 levels which indicates further reduction in price.

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Binance Coin (BNBUSD) Price; Bears May Take Over BNB Market Provided $599 level Holds

Binance Coin (BNBUSD) Price; Bears May Take Over BNB Market Provided $599 level Holds

BNBUSD Price Analysis – April 16

In case the sellers were able to push the Binance Coin below the support level of $503 and the daily candlestick close below it, then, the price may decrease further to test the $420 and $364 support level. Inability to break down the support level of $503, the bullish trend may continue to target the resistance levels at $599, $663, and $758.

GBP/JPY Market
Key levels:

Resistance levels: $599, $663, $758

Support levels: $503, $420, $364

BNBUSD Long-term trend: Bullish

The bulls holds to the BNBUSD market; meaning that the coin is bullish in the daily chart. Since March 27, the bulls have been holding tenaciously to the Binance coin market. The breaking up the resistance level of $254 and $311 was effected. The bulls gain more momentum and the price increases and broke up the barriers at $420, $503 price levels. The price tested the resistance level of $663 and pulls back. At the moment, the price is testing the $503 support level.

BNBUSD Daily chart, April 16

Binance Coin is retesting the dynamic support levels of 21 periods EMA and the 9 periods EMA, the coin is trading above the two EMAs at close contact which indicate a decrease of the bulls’ momentum. The Relative Strength Index period 14 is at 70 levels with the signal lines pointing down to indicate a sell signal. In case the sellers were able to push the Binance Coin below the support level of $503 and the daily candlestick close below it, then, the price may decrease further to test the $420 and $364 support level. Inability to break down the support level of $503, the bullish trend may continue to target the resistance levels at $599, $663, and $758.

BNBUSD medium-term Trend: Bearish

BNBUSD is bearish in the 4-hour chart. The Binance coin have tested the resistance level of $599 on 12 April but there is no enough pressure to penetrate the level by the bulls. The price consolidates for some time within the $599 and $503 price levels. The bears are trying to push down the price.

BNBUSD 4-hour chart, April 16

The price has penetrated 9 periods EMA and 21 periods EMA downside while the coin is trading below the two EMAs which connotes an increase in the bears’ momentum.

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Binance (BNBUSD) Price May Increase to $485 Provided $420 Level Does Not Hold

Binance (BNBUSD) Price May Increase to $485 Provided $420 Level Does Not Hold

BNBUSD Price Analysis – April 09

Further price increase is envisaged as long as bulls maintain or increase their momentum and the resistance level of $420 level is penetrated, then, the resistance level at $485 and $545 may be tested. The breakdown of the $364 price level will expose the coin to $311 and $254 price level.

BNB/USD Market
Key levels:

Supply levels: $420, $485, $545

Demand levels: $364, $311, $254

BNBUSD Long-term Trend: Bullish

BNBUSD is bullish on the daily chart. The coin was obeying the command of the bears last week; in other words it was on the bearish movement. It was on March 27 that the bulls gained more momentum to break up the former resistance level of $311. The bullish momentum increases towards the resistance level of $364, it breaks it up and the price level of $420 is tested.

BNBUSD Daily chart, April 09

Today, the bearish daily candle emerges which may leads to pullback of the price. The Binance coin has crossed the two EMAs upside and it is trading above the 9 periods EMA and the 21 periods EMA. However, the former EMA has crossed the later which is an indication that bulls’ momentum is increasing. Further price increase is envisaged as long as bulls maintain or increase their momentum and the resistance level of $420 level is penetrated, then, the resistance level at $485 and $545 may be tested. The breakdown of the $364 price level will expose the coin to $311 and $254 price level. However, the relative strength index period 14 with its signal line is at 70 level pointing up as a sign of buy signal.

 BNBUSD medium-term Trend: Bullish

BNBUSD is bullish in the 4-hour chart. The bulls take over the Binance coin market after the bearish breakout last two weeks. The crypto increases in accordance with the increase in the bulls’ momentum. The former resistance levels of $311 and $364 has turned to support levels. The price is currently at $420 level.

BNBUSD 4-hour chart, April 09

The price is trading above the 9 periods EMA and 21 periods EMA. The Relative Strength Index period 14 is pointing up at 70 levels indicate a buy signal.

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Binance Coin (BNBUSD) Price Breaks Up $311 Level, Aiming at $364 

Binance Coin (BNBUSD) Price Breaks Up $311 Level, Aiming at $364 

BNBUSD Price Analysis – April 02

In case the buyers were able to push the price above the resistance level of $364 and the daily candlestick close above the level, then, the price may increase further to test the $410 and $485 resistance level. Inability to break up the resistance level of $364, the bearish trend may commence to target the support levels at $311, $254, and $196.

BNBUSD Market
Key levels:

Supply levels: $364, $410, $485

Demand levels: $311, $254, $196

BNBUSD Long-term trend: Bullish

The bulls return to the BNBUSD market after price retracement. In other words, BNB is bullish in the long-term outlook. On March 27, the bulls take over the Binance coin market by breaking up the resistance level of $254 and $311. The price soars towards the resistance level of $364 after it breaks up the resistance levels of $254 and $311. The price pulled back to retest the dynamic support level. The bulls are taken over the BNBUSD market at the moment.

BNBUSD daily chart, April 02

Binance Coin has retested the dynamic support levels of 21 periods EMA and the 9 periods EMA and the coin is trading above the two EMAs at the distance range which connotes an increase of the bulls’ momentum. The Relative Strength Index period 14 is at 70 levels with the signal lines pointing up to indicate a buy signal. In case the buyers were able to push the Binance Coin above the resistance level of $364 and the daily candlestick close above the level, then, the price may increase further to test the $410 and $485 resistance level. Inability to break up the resistance level of $364, the bearish trend may commence to target the support levels at $311, $254, and $196.

BNBUSD medium-term Trend: Bearish

BNBUSD is bullish in the 4-hour chart. Last week. The Binance coin tested the support level of $254 on March 24 but there is no enough pressure to penetrate the level. A bullish engulfing candle emerges; which indicates an increase in the bulls’ momentum. The price ascends and tested the resistance level of $311. The Binance Coin breaks up the mentioned level and increases to test the $364 price level.  The price may continue its bullish movement.

BNBUSD 4–hour chart, April 02

The 9 periods EMA has crossed the 21 periods EMA upside while the coin is trading above the two EMAs which connotes an increase in the bulls’ momentum. The RSI indicator period 14 is above 70 levels and the signal lines pointing up to indicate a buy signal.

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Binance (BNBUSD) Price; Bears or Bulls, Who Will Prevail?

Binance (BNBUSD) Price; Bears or Bulls, Who Will Prevail?

BNBUSD Price Analysis – March 19

There is a possibility for the price to break out at the support level of $254 which may lead to further price decrease to $196 and $142. In case the support level of $254 holds, continuation of upward movement is possible, resistance levels of $311, $364 and$450 will be the target.

BNB/USD Market
Key levels:

Supply levels: $311, $364, $450

Demand levels: $254, $196, $142

BNBUSD Long-term Trend: Ranging

The bulls’ momentum is weak and the continuation of price increase is halted. In other words the coin is in the ranging mode. The crypto was under the bulls’ control last week and this led the price to increase to the resistance level of $311. The resistance level holds the price and could not break through due to weak momentum. Likewise, the bears were unable to penetrate the support level of $254. Thus, consolidation movement began.

BNBUSD daily chart, March 19 

The coin is trading in between the 9 periods EMA and the 21 periods EMA while the two EMAs are close to each other as a sign of low momentum. There is a possibility for the price to break out at the support level of $254 which may lead to further price decrease to $196 and $142. In case the support level of $254 holds, continuation of upward movement is possible, resistance levels of $311, $364 and$450 will be the target. The relative strength index period 14 is not displaying a specific direction as the signal line is parallel to the level at 60 levels.

BNBUSD medium-term Trend: Ranging

BNBUSD is ranging in the 4-hour chart. It was the turn of the bears rejecting a further price increase last week. The price resume consolidation again after few days of upward movement. The bulls and the bears seems to have equilibrium momentum.

BNBUSD 4-hour chart, March 19

The price is trading around and over the 9 periods EMA and 21 periods EMA as a sign of ranging market. The Relative Strength Index period 14 is pointing up at 50 levels indicate a buy signal.

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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.