💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (321.72).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 346.99
TP2= @ 360.66
TP3= @ 374.33
TP4= @ 387.99
TP5= @ 429.71
SL= Break below S2
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BNBBUSD
💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (330.80).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 377.80
TP2= @ 422.70
TP3= @ 485.20
TP4= @ 527.80
TP5= @ 598.90
TP6= @ 681.20
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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ForecastCity English Support Team ❤️
BNB Revives Towards New ATH as Bears Back Down-BNB has risen 150% past its low set yesterday
-Price has cleared major resistance and needs to hold for ATH
-MACD coils in bullish territory
BNB experienced a minor correction the last 30 hours of -15% but has revived nearly all the way. Binance Smart Chain (BSC) is continuing to grow and host new projects. This attention has also benefited BNB, which is up over 4000% the last year.
The price action of Binance coin the last month has formed a rising wedge formation. This formation is technically bearish but can also sometimes break upwards. There is almost 2 weeks until the end of the pattern. If BNB holds the major resistance zone, it will be likely for a run to first target of $710, which also meets the top trend of the wedge.
Throughout the last 2 weeks, the 100 MA has held support of the price. This area is near the bottom trend of the rising wedge. If BNB fails to hold these marks it will be in for a drop to minor support of $599. This would be considered a bearish break of the wedge and would likely end in a longer correction.
While looking at the RSI, we can see an evident trend line that has been acting as resistance the past week. If the strength can break over, it will allow price to reach new ATH. The MACD is also showing bulling as its consolidated and bottomed out above the 0 value. A flow of bullish histogram ticks also seem to be starting.
BNB intraday levels
Spot rate: $676
Trend: Bullish
Volatility: High
Support: $656
Resistance: $677
💡Don't miss the great buy opportunity in BNBBUSD
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (137.0800).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BinanceCoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 79.
Take Profits:
TP1= @ 147.4485
TP2= @ 157.4260
TP3= @ 167.3430
TP4= @ 181.5110
TP5= @ 200.0000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️