Binance Coin (BNB) has come under renewed selling pressure after the price fell below the 21-day moving average line. Today, BNB has fallen from the high of $696 to the low of $568.
On November 8, the cryptocurrency hit its high of $696 but encountered strong resistance. At the recent high, the candlesticks were characterized by long wicks.
These long wicks indicate that there is strong selling pressure in these regions. Once price breaks below the 21-day moving average line, the selling pressure will extend lower. Initially, the market will retreat to support above the 50-day moving average line. Selling pressure will continue as price falls below the 50-day moving average line. In the meantime, the market has fallen to the low of $568 at the time of writing.
Binance érme mutató olvasása
Binance Coin is at level 48 on the Relative Strength Index for period 14. Altcoin is in the downtrend zone and may be vulnerable to further downside. It is below the 40% area of the Stochastic on the daily chart. BNB/USD is in a bearish momentum.
Műszaki mutatók:
Fő ellenállási szintek: 700 és 750 dollár
Fő támogatási szintek - 400 és 350 dollár
Mi a következő irány a BNB számára?
Binance Coin is in a downward movement. The Fibonacci tool has indicated another downward movement in the cryptocurrency. Meanwhile, on November 10, the downtrend tested the 50% Fibonacci retracement level, which was reached by a candle retracement. The retracement suggests that BNB will fall to the 2.0 Fibonacci extension level, or $441.60.
Fontos. Ez az elemzés és előrejelzés a szerző személyes véleménye, és nem ajánlás kriptovaluta vételére vagy eladására, ezért nem tekinthető a CoinIdol jóváhagyásának. Az olvasóknak alapok befektetése előtt meg kell vizsgálniuk a saját kutatásaikat.
