BNB/BTC- Binance-coin long term nalysis
Binance coin has remained relatively stagnant over the past two months.
Looking ahead, the first weekly resistance lies at VBRN 0.010000. If the shorters will be able to push the price down to 0.008000 we can expect that the price will drop all the way down to the demand area at 0.006695 which is also a 50.00% Fibonacci retracement from the start of the year 2021.
If the price will break the demand zone at 0.006695 the next support at 0.004500 will follow.
Looking ahead, the first weekly resistance lies at VBRN 0.010000. If the shorters will be able to push the price down to 0.008000 we can expect that the price will drop all the way down to the demand area at 0.006695 which is also a 50.00% Fibonacci retracement from the start of the year 2021.
If the price will break the demand zone at 0.006695 the next support at 0.004500 will follow.
Daily forex trading ideas, trading analysis, group chat, weekly outlooks, and more! Join now: theproptrader.co.uk
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.