What are the levels to mark in your chart? Stay till the end to uncover impactful price clues most traders miss.
BNB trades at $984 today. $BNB is above the significant support level of $950. Discover the next targets.
What are the support and resistance levels for $BNB?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $950 | 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 | $930 | 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 | $1000 | 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 | $1050 | Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What BNB price targets should I consider for BNB?
Support at $950. Resistance near $1000. Extension target $1578.
Is BNB Bullish?
Stochastic RSI is 70. Resistance sits at $1000. Place stop-loss below $930.
How do I set stop-loss levels for BNB?
Place stops below $930 support. Consider using swing lows as reference points.
What are the BNB moving averages indicating?
EMA50 is at $1000. EMA100 is at $950. BNB trades at $984. Compare these values to determine trend direction.
Should I buy or sell BNB?
Buyers can enter near $950 or $930. Place stops below $930. Sellers can exit near $1000 or $1050. Take profits at $1578. Manage your risk carefully.
How do Fibonacci levels affect BNB price?
Fibonacci 61.8% level sits at $882. Fibonacci 138.2% extension targets $1578.
What does $BNB momentum show?
Stochastic RSI K reads 70. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum.
Conclusion
BNB shows strength above $950 support. Eyes on $1000 for breakout confirmation. Momentum favors bulls. A rally may follow. Stay alert, protect capital.
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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