BNBUSDT On April 11, BNB managed to surpass the
318 resistance level; however, the bears seem to be selling off near 
338, as shown by the long wick on the candlestick. The 20-day EMA (
315) is flat, and the RSI is heading down towards the center, indicating that the BNB/USDT pair might encounter a range-bound scenario in the short term.If the price falls below the 20-day EMA, the pair may fluctuate between
338 and the 200-day SMA ($HKEX:292) for a few days. Alternatively, if the price rebounds from the 20-day EMA with strength, it may indicate a buy-on-dip opportunity. The bulls may then attempt to push the pair above the overhead zone that spans from 338 to $346.Let me know what you think!
Follow me for more TA!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.