

Alternatively, short-position placers may resort to the launching of a sell limit order position a bit over the resistance level mentioned above. Bibox Binance Binance US Bitfinex Bithumb BitMEX Bitpanda Bitpanda Pro Bitstamp Bittrex Bitso Bitvavo Bleutrade BTC Markets Bybit Celsius CEX Coinbase Coinbase Pro CoinSpot Crex24 Deribit DFX.swiss FTX Gate.io Gemini HitBTC Huobi Indep. On the downside of the technical analysis, the BNB/USD market bears may have to be alert when any spike around the trend lines of the SMAs coupling with an active retracement motion after hitting resistance around $300 before considering the execution of a selling order.


To that end, buyers may have to wait for the reading posture of the Stochastic Oscillators to give lower range values close to or around the oversold region before backing their re-buying entry order while a significant bullish candlestick emerges from a lower-trading zone.

The situation appears bulls will be taking time before resuming a durable upward-moving cycle. The current trading trend in the crypto trade operations portends a relatively bullish-running outlook. The BNB/USD market price strives to hike around the trend line of the SMAs. Your capital is at risk Will there be more reliable upward pushes above the BNB/USD market‘s current trading zone soon afterward? The Stochastic Oscillators have penetrated the overbought trading region, seemingly attempting to close their lines back southbound at 89.21 and 83.21 range values. The bullish trend line drew at a close range point beneath the SMA trend lines to depict the market is relatively pushing at an average high-trading pace. The 14-day SMA indicator is at $278.50 underneath the 50-day SMA indicator, which is at $285.90. The daily chart showcases the trading situation between Binance Coin and the US Dollar strives for a hike. Presently, the market possesses a minute percentage rate of 0.46 positive. Yesterday’s trading session witnessed that price traded between $266.98 and $283.34 value lines. The trending outlook in the BNB/USD trade operations showcases the crypto economy strives for a hike in a low-active moving mode.
