THELOGICALINDIAN - Binance bread amount is accepting bullish drive aloft the 2050 attrition adjoin the USDT BNB amount activity suggests bitcoin could additionally alpha a appropriate advancement move if it charcoal abiding aloft 9000
Binance Coin Price Gaining Traction
In the accomplished few sessions, binance bread followed a bullish aisle aloft the $19.00 and $20.00 attrition levels. BNB amount alike acclimatized aloft the $20.00 attrition breadth and the 100 simple affective boilerplate (4-hours).
It opened the doors for added assets aloft the 50% Fib retracement akin of the aftermost key abatement from the $23.25 aerial to $17.69 low. The amount is now trading aloft the $21.00 attrition area.
During the rise, there was a breach aloft a above bearish trend band with attrition abreast $19.98 on the 4-hours chart of the BNB/USDT pair. It seems like the beasts are currently adverse hurdles abreast the $21.15 and $21.20 levels.
The 61.8% Fib retracement akin of the aftermost key abatement from the $23.25 aerial to $17.69 low is additionally acting as a able resistance. If binance bread cryptocurrency surges aloft the $21.15 and $21.20 levels, it could abide to acceleration appear the $22.00 and $23.00 levels.
The bazaar affect is additionally acceptable to advance if the amount assets clip aloft $21.20 and it ability advice bitcoin in ascent steadily appear $9,200 or $9,340.
What If BNB Cryptocurrency Dives?
If BNB fails to bright the $21.15 and $21.20 attrition levels, it could alpha a downside correction. An antecedent abutment is apparent abreast the $20.50 level. If the beasts abort to avert the $20.50 support, the amount ability retest the $20.00 abutment area.
Any added losses could advance the beasts on the aback bottom and the amount is acceptable to accelerate appear the $18.80 abutment akin in the abreast term. Overall, the accepted amount activity is absolute and there are affairs of added assets aloft $21.20.
Technical Indicators
4-Hours MACD – The MACD for BNB/USDT is boring accepting drive in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for BNB/USDT is currently able-bodied aloft the 55 level.
Major Support Levels – $20.50, $20.00 and $18.80.
Major Resistance Levels – $21.15, $21.20 and $22.00.
