Binance Coin Price Analysis – Will BNB Continue the Uptrend?

Binance Coin price analysis shows the coin trading near the $23 mark after bouncing back up from the $21 support level? Can traders can expect the uptrend to continue?

Binance Coin Medium-term Analysis

On February 17, the price of Binance Coin (BNB) started to decline after the bulls were resisted at the $0.26 level. As a result, the BNB price plummeted below $25 and $24 support levels. However, the coin found a decent support at the $21 level. At the time of writing this Binance Coin price analysis, the coin is changing hands at the $0.23 level.

On the upside, if this support holds, we anticipate the bulls to make another attempt to carry the price back to $0.26 resistance. If successful, the bulls will likely meet resistance at the $28 and $30 level. On the other hand, a break below the $0.23 support levels will tilt the advantage in favor of the bears.

Meanwhile, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero line which indicates a buy signal.

BNBUSD Price Short-term Analysis

On the 1-hour chart, the BNBUSD price is in a bullish trend. However, if the bulls fail to propel the price above $27.1905, the BNB/USD pair might remain range-bound for a few days. The pair will turn negative on a break below the recent low at $21.5510. Therefore, the traders can protect their long positions with stops at $21.

In the meantime, the MACD line and the signal line are below the zero line which indicates a sell signal.

  • Resistance Levels: $24, $28, $30
  • Support levels: $22, $21, $20

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

The post Binance Coin Price Analysis – Will BNB Continue the Uptrend? appeared first on Latest Crypto News.



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Bitcoin Cash Price Analysis – BCH Bulls Face Resistance Near $400

Bitcoin Cash price analysis shows that the market is struggling to move higher after a gruelling sell-off that saw it lose a number key levels of support.

Bitcoin Cash Price Medium-term Analysis

Recently, the price of Bitcoin Cash (BCH) met resistance near the $500 level, following a huge breakout above the $400 level earlier this month. As a result, BCH suffered a heavy technical correction over the weekend.

However, at the time of writing this Bitcoin Cash price analysis, the coin is changing hands at the $400 level. On the upside, if more buyers emerge, the market will rise towards the $450 and $500 resistance levels. If the bulls can push the price above the $500 resistance level, a move to $600 is possible.

Conversely, a break below the $400 level will result in the market finding support at the $360 and $320 levels.

In the meantime, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero line which indicates a buy signal.

BCHUSD Price Short-term Analysis

On the 1-hour chart, the price of BCHUSD is in a bullish trend. On the upside, there are many resistances near $450 and $480. Conversely, the main support is now near $390, below which the price is likely to test the $370 support area in the short term. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

  • Resistance levels: $450, $500, $600
  • Support levels: $400, $360, $320

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

The post Bitcoin Cash Price Analysis – BCH Bulls Face Resistance Near $400 appeared first on Latest Crypto News.



This content is synced from the rightful owners. Copyright on text and images belong to the original source.

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This article was first published on: Latest Crypto News

Bitcoin Cash Price Analysis – BCH Bulls Face Resistance Near $400

Bitcoin Cash price analysis shows that the market is struggling to move higher after a gruelling sell-off that saw it lose a number key levels of support.

Bitcoin Cash Price Medium-term Analysis

Recently, the price of Bitcoin Cash (BCH) met resistance near the $500 level, following a huge breakout above the $400 level earlier this month. As a result, BCH suffered a heavy technical correction over the weekend.

However, at the time of writing this Bitcoin Cash price analysis, the coin is changing hands at the $400 level. On the upside, if more buyers emerge, the market will rise towards the $450 and $500 resistance levels. If the bulls can push the price above the $500 resistance level, a move to $600 is possible.

Conversely, a break below the $400 level will result in the market finding support at the $360 and $320 levels.

In the meantime, the Moving Average Convergence Divergence (MACD) line and the signal line are above the zero line which indicates a buy signal.

BCHUSD Price Short-term Analysis

On the 1-hour chart, the price of BCHUSD is in a bullish trend. On the upside, there are many resistances near $450 and $480. Conversely, the main support is now near $390, below which the price is likely to test the $370 support area in the short term. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.

  • Resistance levels: $450, $500, $600
  • Support levels: $400, $360, $320

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

The post Bitcoin Cash Price Analysis – BCH Bulls Face Resistance Near $400 appeared first on Latest Crypto News.



This content is synced from the rightful owners. Copyright on text and images belong to the original source.

--
This article was first published on: Latest Crypto News