ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
Buy Crypto Now
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Binance Coin Price Analysis – Will BNBUSD Decline Further To $24?

Choice by Choice
July 17, 2019
in News, Price Analysis
0
Binance | BNB | Mainnet | Ethereum | blockchain
0
SHARES
25
VIEWS
Share on FacebookShare on Twitter

Binance Coin price is now trading between the levels of $30 and $40. BNBUSD traders can be on the lookout to buy setups in order to initiate long orders. 

Binance Coin Price Technical Analysis

Price of BNBUSD
BNBUSD Price Chart

Binance (BNB) Coin price was in a bearish trend yesterday July 17. The bears broke the 12 and 26-day Exponential Moving Averages (EMA) as the BNB price tests or break the lower price range. Both EMAs are sloping horizontally, which is an indication that the price of Binance Coin is in a sideways trend. BNB price is trading between the levels of $30 and $40.

On the downside, if the bears break the lower price range or the $30 price level, Binance Coin price will further decline to the previous low of $24 level. On the upside, if the bulls defended the $30 price level, the price will continue its range bound movement within the confined level. However, Binance Coin price is at the oversold region of the daily stochastic while below the 40% range. This suggests that the price of BNB is in the bearish momentum and a sell signal.

BNBUSD Price Short-term Analysis

Binance Coin Price Analysis
BNBUSD Price Chart

Looking at the 1-hour chart, BNBUSD price was in a bearish trend. The 12 and 26-day EMAs are sloping southward. Today, BNBUSD price is oscillating below the EMAs, which is an indication that the price of BNB is likely to decline. The price is trading at the overbought region of the daily stochastic while above the 20% range, indicating that BNBUSD price is in a bullish momentum and a buy signal.

  • Resistance Levels: $36, $37¸ $38
  • Support levels: $30, $29, $28

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

Tags: Binance Coin Price AnalysisBNBUSDBNBUSD Price
Previous Post

E-Money and Stablecoins Could Precede Traditional Money

Next Post

Bitcoin Cash Price Analysis - BCHUSD In A Bullish Momentum

Next Post
Bitcoin price | Bitcoin Price increase | Square Shares | Cash Crypto Trading App | Bitcoin price latest updates

Bitcoin Cash Price Analysis - BCHUSD In A Bullish Momentum

Recent Stories

Blockchain

Bitcoin Tech and Financial Services Firm NYDIG Secures $200 Million In New Funding Round

March 8, 2021
Trading

PayPal To Acquire Curv, First Acquisition In Crypto Space

March 8, 2021
VET Price Analysis: VET/USD Price Snowballs Past Double Top Around $0.063 Amid VeChain Bull Cycle

VET Price Analysis: VET/USD Price Snowballs Past Double Top Around $0.063 Amid VeChain Bull Cycle

March 8, 2021
As NFTs Frenzy Catches On, Here Is Why NFTs Related Tokens, Audius (AUDIO), NFTX, FLOW Are Rallying

As NFTs Frenzy Catches On, Here Is Why NFTs Related Tokens, Audius (AUDIO), NFTX, FLOW Are Rallying

March 6, 2021
Altcoins Blow HOT! Uniswap Enters Top 10, Crypto Market Recovers As Senate Passes $1.9 Trillion Relief

Altcoins Blow HOT! Uniswap Enters Top 10, Crypto Market Recovers As Senate Passes $1.9 Trillion Relief

March 6, 2021
XRP Price Analysis: Bulls Await Fresh Rally on XRP/USD Beyond $0.5, Ripple Gains Legal Victory in Tetragon Lawsuit

XRP Price Analysis: Bulls Await Fresh Rally on XRP/USD Beyond $0.5, Ripple Gains Legal Victory in Tetragon Lawsuit

March 6, 2021
What’s Next for Bitcoin and Ethereum Price Amid Market Uncertainty? THETA, Terra Attain New All-Time Highs

What’s Next for Bitcoin and Ethereum Price Amid Market Uncertainty? THETA, Terra Attain New All-Time Highs

March 5, 2021
IOTA Price Analysis: Steady Climb on IOTA/USD to $1.50 Ahead of Coordicide Rollout, Bitfinex Adds IOTA As Collateral

IOTA Price Analysis: Steady Climb on IOTA/USD to $1.50 Ahead of Coordicide Rollout, Bitfinex Adds IOTA As Collateral

March 5, 2021
ETH Price Analysis: Upside Run Resumes As ETH/USD Fixate on $2K, Bolstered By On-Chain Metrics

ETH Price Analysis: Upside Run Resumes As ETH/USD Fixate on $2K, Bolstered By On-Chain Metrics

March 4, 2021
Venture Capital Investor Tim Draper Says Netflix May Be Next Fortune 100 Company To Purchase Bitcoin

Venture Capital Investor Tim Draper Says Netflix May Be Next Fortune 100 Company To Purchase Bitcoin

March 3, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.