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The price may reduce to $430 and $364 support levels provided the support level at $503 does not hold. In case the just mentioned level holds, BNB price may increase towards the resistance levels at $540, $599, and $678.
BNB / USD Merke
Key nivo's:
Oanbiedingsnivo's: $ 540, $ 599, $ 678
Fraachnivo's: $ 503, $ 430, $ 364
BNBUSD Lange termyntrend: bearich
The BNB market follows the last report prediction; a double top chart pattern formed in the daily chart, traders should be expecting a big fall. Initially, there was a fake breakout at the resistance level of $678 on 01 December; a long-legged Doji daily candle was formed. The sellers flux the market and there was a big fall with the formation of the strong and massive bearish candle. The price drops to the previous low $503 support level.
The crypto seems to be pulling back as the bullish candle is forming at the support level of $503. The price is trading below the Moving Averages 9 and 21 at a distance to indicate strong bearish momentum. The price may reduce to $430 and $364 support levels provided the support level at $503 does not hold. In case the just mentioned level holds, BNB price may increase towards the resistance levels at $540, $599, and $678.
BNBUSD Trend op 'e lange termyn: Bearish
Op it 4-oere diagram rûn BNBUSD binnen it fersetnivo op $599 en stipenivo op $540 foar in falske breakout op it $599-nivo. De útbraak waard ûnderbrutsen troch de ferkeapers en dat brocht de skerpe en hommels omkearing fan de priis. De priis fermindert nei lêste moanne leech en it is op it stuit op it stipenivo op $503.
The Relative Strength Index period 14 is at the 50 level and the signal line pointing upside which indicates that the price may reverse at the support level of $503 and the bulls may take over the market.
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