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Binancecoinpriceanalysis

BNB 12h Which will be faster: $160 and $195 or $110 and below?In the previous idea, we assumed a target for the growth of BNBUSD $110 But we were also surprised how soon this goal was achieved and that the growth did not stop there. The price consolidation currently taking place in the BNBUSDT pair is likely preparing for another upward impulse. The levels for taking profit on Longs, which should be taken into account, are $160 and $195 At the bottom of the $110 crossing, it can make you wonder whether it is still worth holding the BNB long. _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
by P_S_trade
12
Binance Coin Price Analysis - $16 Support Failed Relative Strength Index: The RSI is currently at a low 35 points. After dipping below the 30 points threshold twice in the past few hours, it's heading back down once again. If it stays above the 30 points threshold it will continue to drive the market down, if it crossed below the RSI will signal an oversold market and a rebound will ensue. Bollinger Bands: The price is still within range but is about to cross below the lower band. If that happens, there will be more pressure for a rebound upwards. Otherwise, the BBs diverge further giving the price more room to fall. Volume: There is a relatively low amount of volume for the amount of action we are seeing. That means the market shouldn't move too much at this point. However, at the same time if the price deviates enough, volume picks up extremely quickly. Binance Coin (BNB) Price Prediction The RSI and Bollinger Bands are not showing great signs as of right now. While we did have a brief moment to breathe, markets are toppling down once again. It looks like we might see another 5% correction downwards at least until the technical indicators can signal a rebound. My prediction is that Binance will touch $15.5 before rebounding back up. It's important to keep in mind that Bitcoin is the leader for this collapse so if BTC continues to fall so will BNB. Read Full BNB Price Analysis: The Merkle Hash
by nulltxmark