Binance (BNBUSD) Price May Increase Towards Previous High Provided Support Level of $26 holds

Azeez Mustapha

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BNBUSD Onínọmbà Iye - Oṣu Kẹsan 18

An increase in the bears’ pressure may break down the support level at $26 which may drop the price to $24 and $22 support level. In case the support level at $26 holds, consolidation may continue. The coin may face barriers at $30, $35, and $41 resistance level.

Ọja BNB / USD
Awọn ipele bọtini:

Awọn ipele ipese: $ 30, $ 35, $ 41
Awọn ipele ibeere: $ 26, $ 24, $ 22

BNBUSD Aṣa igba pipẹ: Bullish

The buyer’s pressure has pushed the price to a significant resistance level of $30. The coin is bullish on the daily time frame. A bearish reversal candle pattern emerges called Doji evening star at the same resistance level. This is the major reason why the price dropped suddenly to the support level at $26 with the formation of a massive bearish candle. The bears have made attempt thrice to break down the support level at $26 but unable, then, consolidation commences.

Iwe apẹrẹ BNBUSD Daily, Oṣu Kẹsan ọjọ 18

The price sits directly on the dynamic support level consolidating. The 9 periods EMA is above the 21 periods EMA and the coin is at the top of the two indicating that the bulls are still holding the market. An increase in the bears’ pressure may break down the support level at $26 which may drop the price to $24 and $22 support level. In case the support level at $26 holds, consolidation may continue. The coin may face barriers at $30, $35, and $41 resistance level.

BNBUSD Aṣa-igba alabọde: Bearish

BNB price is bearish in the 4-hour chart. The crypto was on the bullish trend last week. The bullish trend was interrupted by the sellers when a big bearish candle emerges as an engulfing candle to the previous one at the $30 price level. The price decline to the support level at $26, it bounces and tests the level a second time.

BNBUSD chart 4-wakati, Oṣu Kẹsan ọjọ 18

The price may increase towards the previous high in case the demand level of $26 holds.The crypto is trading between the 9 periods EMA and 21 periods EMA and the Relative Strength Index period 14 pointing down at 50 levels indicate a sell signal.

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Azeez Mustapha

Azeez Mustapha jẹ alamọja iṣowo, oluyanju owo, olufihan awọn ifihan agbara, ati oluṣakoso owo pẹlu ọdun mẹwa ti iriri laarin aaye owo. Gẹgẹbi Blogger ati onkọwe iṣuna, o ṣe iranlọwọ fun awọn oludokoowo ni oye awọn imọran eto inọnwo ti ilọsiwaju, mu awọn ọgbọn idoko -owo wọn dara si, ati kọ ẹkọ bi o ṣe le ṣakoso owo wọn.

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