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Bullish
🏆 BNB Approaches Breakout Zone — Can Bulls Take Control?
BNB is reversing gains from $825. The price is confronting obstacles at $815 and may rise soon.
BNB is reversing gains below $815.
The price is over $800 and the 100-hour SMA.
A crucial contracting triangle with support around $804 is building on the hourly BNB/USD chart.
To rise soon, the pair must remain above $792.
BNB Price Supports
BNB price failed to break $830 after a steady rise. Ethereum and Bitcoin corrected below $820 and $815.
The price dropped below $800 to $792. The price is trying to rise from $792, its low. It moved over the 50% Fib retracement level of the $827 swing high to $792 low decline.
The price is above $810 and the 100-hourly SMA. On the hourly BNB/USD chart, a contracting triangle with support around $804 is forming.
The upswing may encounter resistance at $815 or the 61.8% Fib retracement level of the decline from the $827 swing high to the $792 low. Near $820 is the next resistance. A decisive break over $820 might boost prices.
In this instance, BNB may reach $832. A closing over $832 barrier might lead to a rise above $840. More gains may test $850 soon.
Another Fall?
BNB may decrease if it fails to break $815 barrier. Initial negative support is $804. Near $800 is the next big support.
The major support is $792. If the price breaks below $792, it might fall to $780. More losses might cause a drop to $768.
Tech Indicators
Hourly MACD - BNB/USD MACD is rising in the positive zone.
Hourly RSI (Relative Strength Index): BNB/USD is over 50.
Major Support Levels: $804, $792.
Key Resistance Levels: $815, $820.
#bnb #BinanceAlphaAlert #CPIWatch #BTCReclaims120K #ETH4500Next? $BNB $BTC $ETH
BNB is reversing gains from $825. The price is confronting obstacles at $815 and may rise soon.
BNB is reversing gains below $815.
The price is over $800 and the 100-hour SMA.
A crucial contracting triangle with support around $804 is building on the hourly BNB/USD chart.
To rise soon, the pair must remain above $792.
BNB Price Supports
BNB price failed to break $830 after a steady rise. Ethereum and Bitcoin corrected below $820 and $815.
The price dropped below $800 to $792. The price is trying to rise from $792, its low. It moved over the 50% Fib retracement level of the $827 swing high to $792 low decline.
The price is above $810 and the 100-hourly SMA. On the hourly BNB/USD chart, a contracting triangle with support around $804 is forming.
The upswing may encounter resistance at $815 or the 61.8% Fib retracement level of the decline from the $827 swing high to the $792 low. Near $820 is the next resistance. A decisive break over $820 might boost prices.
In this instance, BNB may reach $832. A closing over $832 barrier might lead to a rise above $840. More gains may test $850 soon.
Another Fall?
BNB may decrease if it fails to break $815 barrier. Initial negative support is $804. Near $800 is the next big support.
The major support is $792. If the price breaks below $792, it might fall to $780. More losses might cause a drop to $768.
Tech Indicators
Hourly MACD - BNB/USD MACD is rising in the positive zone.
Hourly RSI (Relative Strength Index): BNB/USD is over 50.
Major Support Levels: $804, $792.
Key Resistance Levels: $815, $820.
#bnb #BinanceAlphaAlert #CPIWatch #BTCReclaims120K #ETH4500Next? $BNB $BTC $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.