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Bears Dominate Binance Coin Market
BNBUSD Priisanalyse - 07 oktober
After the price retracement, Binance coin may continue its bullish movement when the daily candle close above the $300 level, the resistance levels of $330 and $361 may be reached. Ability to break down the $276 level by the bears may lead to bearish movement towards $256 and $209 levels.
BNB / USD Merke
Key nivo's:
Oanbiedingsnivo's: $ 300, $ 330, $ 361
Fraachnivo's: $ 276, $ 256, $ 209
BNBUSD Lange termyntrend: Bullish
BNBUSD is bullish on the long-term outlook. The crypto is gradually breaking out from the descending channel formed. Which indicate that buyers are increasing their momentum in the Binance coin market. Last two weeks, the price tested the support level of $256 and bounced upside. The resistance level of $276 was broken upside and the price reached $300 level. At the moment, the price is pulling back.
Binance Coin is currently trading above the $276 level. The price is trading slightly above the two EMAs which indicate that bulls’ momentum is increasing. The fast moving EMA (9 periods) remains above the slow moving EMA (21 periods). After the price retracement, it may continue its bullish movement when the daily candle close above the $300 level, the resistance levels of $330 and $361 may be reached. Ability to break down the $276 level by the bears may lead to bearish movement towards $256 and $209 levels.
BNBUSD middellange termyn Trend: Bullish
On the 4 hour chart, Binance coin is on the bullish movement. Last week, buyers dominate the cryptocurrency market. Bulls are holding unto the Binance coin market when the resistance level of $276 was penetrated upside. The buyers’ momentum push price above the descending channel trend line and the resistance level of $300 is tested. At the moment sellers are dominating market.
De Binance Coin hannelet ûnder de 9 perioaden EMA en 21 perioaden EMA dy't oanjaan dat it momentum fan ferkeapers nimt ta.
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