Key signals are flashing now. Is a breakout imminent? What are the levels to mark in your chart? Stay till the end to uncover impactful price clues most traders miss.
BNB trades at $1203 today. $BNB is above the significant support level of $1150. Discover the next targets.
What are the support and resistance levels for $BNB?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $1150 | 100 EMA is the 100-day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $1080 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| Resistance 1 | $1250 | 50 EMA is the 50-day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid-term. |
| Resistance 2 | $1320 | Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What price targets should I consider for BNB $BNB?
Support at $1150. Resistance near $1320. Extension target $1589.
Should I sell BNB to take profits or wait?
Stochastic RSI is 65. Resistance sits at $1320. Place stop-loss below $1100.
How do I set stop-loss levels for BNB?
Place stops below $1100 support. Consider using swing lows as reference points.
What are the BNB moving averages indicating?
EMA50 is at $1250. EMA100 is at $1150. BNB trades at $1203. Compare these values to determine trend direction.
What should a buyer or seller do?
Buyers can enter near $1150 or $1080. Place stops below $1100. Sellers can exit near $1320 or $1589. Take profits at $1589. Manage your risk carefully.
How do Fibonacci levels affect BNB price?
Fibonacci 61.8% level sits at $863. Fibonacci 138.2% extension targets $1589.
What does $BNB momentum show?
Stochastic RSI K reads 68. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum.
Conclusion
BNB holds $1150 support well. Resistance at $1320 is key. Momentum is neutral. A breakout is possible soon. Watch for volume confirmation. Manage your risk carefully.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. BNB and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
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