![]() Most traders use candlestick charts, as they provide more information than a simple line chart. How to read Binance Coin charts and predict price movements? Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the BNB price. Conversely, a drop below an important moving average is usually a sign of weakness in the BNB market. If the BNB price moves above any of these averages, it is generally seen as a bullish sign for Binance Coin. The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.ĥ0-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). For example, a 12-day simple moving average for BNB is a sum of BNB’s closing prices over the last 12 days which is then divided by 12. As the name suggests, a moving average provides the average closing price for BNB over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular Binance Coin price prediction tools. When trying to predict the Binance Coin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Similarly, Binance Coin resistance levels are at $ 240.48, $ 247.40, and $ 251.01.īinance Coin traders use a variety of tools to try and determine the direction in which the BNB market is likely to head next. Periodīased on today's classical pivot point (P1) with the value of $ 236.87, Binance Coin has support levels of $ 229.95, $ 226.34, and the strongest at $ 219.43. Traders use the trend indicator to discover short-term overbought or oversold conditions. Weekly Exponential Moving Average (EMA) PeriodĪn oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Moving averages are a lagging indicator which means they are based on previous price action. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a popular indicator in all financial markets. Popular BNB Moving Averages and Oscillators for Mon, Jun 27, 2022 Currently, the RSI value is at 43.31, which indicates that the BNB market is in a neutral position. ![]() The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). ![]() Binance Coin's short-term 50-Day SMA is estimated to hit $ 223.27 by Jul 27, 2022. Meanwhile, a Golden Cross last occurred on Aug 31, 2021, which was 299 days ago.īased on our technical indicators, Binance Coin's 200-day SMA will drop in the next month and will hit $ 345.47 by Jul 27, 2022. The most recent Death Cross in the Bitcoin market happened 144 days ago, on Feb 03, 2022. The price of Binance Coin is currently below the 50-day SMA and this indicator has been signaling SELL for the last 66 days, since Apr 22, 2022. The 200-day SMA has been signaling SELL for the last 158 days, since Jan 20, 2022. Binance Coin Predictions for years 2023, 20 Based on Tech Growthīinance Coin is currently trading below the 200-day simple moving average (SMA). Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our Binance Coin forecast, it's now a good time to buy Binance Coin.ĭisclaimer: This is not investment advice. Binance Coin recorded 13/30 (43%) green days with 15.43% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 12 (Extreme Fear). According to our current Binance Coin price prediction, the value of Binance Coin is predicted to drop by -0.44% and reach $ 237.13 by July 2, 2022.
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