Binance Coin, the native cryptocurrency of the Binance exchange, has shown considerable strength and resilience in recent times. Technical analysis indicates that BNB is currently trading within a support zone, suggesting a potential buying opportunity. Traders should closely monitor the price action, as a bounce from this support zone may provide a favorable...
Bitcoin is in the important support range in the weekly timeframe, if this range is maintained, we expect the price to return to the $ 33,800 area, and if it loses its support, it will fall again to $ 29,000 and even $ 26,000. will have .
Warning: The market is still bearish and we will look at the signs of a return until the price reaches $ 38,000.
Its not Buy...
In the daily time frame, it has reacted positively to its downtrend line and has reached an important resistance range, which we are likely to correct on this range. If the resistance range of $ 0.95 to $ 1 is broken, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Today attractive bitcoin started the day. It has reacted several times to the $ 40,000 ceiling and has now been able to successfully break the downtrend line and short-term resistance, and can break subsequent resistances with approval. We currently have resistance at $ 42,500 and $ 44,300. If the fix is not completed, the analysis will be updated.
Its not Buy or...
Our AI recognized a rising Wedge pattern on the chart. (red dashed trendlines)
Rising wedges break downwards.
So, we feel bearish and put in a short position.
(See TP, SL on the chart.)
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00204).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBBTC 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...
Binance Coin (BNBBTC) remains bullish.
We have a steep ascending channel taking form and prices recently staying above EMA300.
Staying above EMA300 can lead to a massive hump.
This is a solid setup.
Even if prices drop, we remain bullish after and expect a strong bounce.
Additional information (long-term analysis)
Thanks a lot for reading.
Namaste.
