Binancesignals
Binance Coin Price Analysis - $16 Support Failed
Relative Strength Index: The RSI is currently at a low 35 points. After dipping below the 30 points threshold twice in the past few hours, it's heading back down once again. If it stays above the 30 points threshold it will continue to drive the market down, if it crossed below the RSI will signal an oversold market and a rebound will ensue.
Bollinger Bands: The price is still within range but is about to cross below the lower band. If that happens, there will be more pressure for a rebound upwards. Otherwise, the BBs diverge further giving the price more room to fall.
Volume: There is a relatively low amount of volume for the amount of action we are seeing. That means the market shouldn't move too much at this point. However, at the same time if the price deviates enough, volume picks up extremely quickly.
Binance Coin (BNB) Price Prediction
The RSI and Bollinger Bands are not showing great signs as of right now. While we did have a brief moment to breathe, markets are toppling down once again. It looks like we might see another 5% correction downwards at least until the technical indicators can signal a rebound.
My prediction is that Binance will touch $15.5 before rebounding back up. It's important to keep in mind that Bitcoin is the leader for this collapse so if BTC continues to fall so will BNB.
Read Full BNB Price Analysis: The Merkle Hash
BNB Price Analysis - Can $BNB bounce off current support?
Relative Strength Index: The RSI is currently at 34 points. That's definitely on the low side, meaning the market is approaching the oversold level.
Bollinger Bands: The BNB price has been riding on the lower bollinger band for the past few hours. That's not a good sign as that means that bearish momentum is significant.
Volume: There is moderate amount of volume which means that the market does have enough fuel to make moves.
BNB Price Prediction
The RSI and Bollinger Bands are clearly showing a bearish sentiment. Moreover, the moderate amount of volume is concerning because that means that the market can continue to slide downwards.
Disregarding the above indicators and keeping in mind the recent news, I'm going to predict that BNB will make a swift recovery to the $19.6 level. BNB is at a low that hasn't been seen in quite some time, and there is no real reason for the downward slide. There was some drama about the Digibyte debacle, but that should have no effect on Binance Coin's price.
Read Full Binance Price Analysis and Prediction: NullTX
NEM/BTC possible moves
This is the few Alts which no one is talking about, also the best coin to gain profits as in every short bull run this coin has performed
quite well.
Nem/Btc formation of positive divergence, wait for entry around the support area.
BNB/BTC - it's not a bull wedgeit's not a bull wedge
Don't fly in the clouds it's a bear cycle at BNB
i sell half of all bnb
I’ll leave the other half for a possible suggestion that I did not understand the schedule correctly
maybe I'm wrong and the level of 0.002 is the strongest and can withstand the seller
don't be fooled
BNBUSDT has formed a bullish butterfly | Upto 56% expectedAfter a successful formation of Cypher pattern the priceline of Binance Coin / Tether US has formed a bullish butterfly.
RSI is oversold.
But MACD is still strong bearish and Stochastic is oversold but did not give bull cross sofar, so for safe trade we can wait for MACD to turn weak bearish or for bull cross from Stochastic.
Buy between: 21.8950 to 18.9617
Sell between: 24.1715 to 29.6814
Regards,
Atif Akbar (moon333)