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.
Citirea indicatorului de monedă Binance
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.
Tehnice de indicatori:
Niveluri majore de rezistență - 700 USD și 750 USD
Niveluri majore de asistență - 400 USD și 350 USD
Care este următoarea direcție pentru BNB?
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.
Declinarea responsabilității. Această analiză și prognoză sunt opiniile personale ale autorului și nu sunt o recomandare pentru cumpărarea sau vânzarea de criptomonede și nu ar trebui privite ca o aprobare de către CoinIdol. Cititorii ar trebui să își facă propriile cercetări înainte de a investi fonduri.
