BNBUSDT For the past few days, BNB has been trading below the 20-day EMA (
313), but the bears have not managed to push the price below the immediate support level of $306. This indicates a decrease in selling pressure at lower levels.With the lower levels holding, the bulls may try to push the price above the overhead resistance level of $318. In this scenario, the BNB/USDT pair could gain momentum and rise to
338 and potentially $346.Alternatively, if the price turns downwards, it would suggest that the bears are selling on every minor relief rally. If the support level at
306 is breached, the pair may slide down to the 200-day SMA ($HKEX:292).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.