BNB may lower at 256.60, TAMA will go straight on OKX

Join our Telegram Channel to get current information

BNB/USD’s attempt to correct the price action to the upside has hit a snag. At this point, the price may return to the lows of 256.60 before correcting upwards.

Binance Coin Analysis Statistics Information:
BNB price now: $276
BNB market cap: $44.95 billion
Binance mobile supply: 32.24 billion
Binance’s total supply: 161.34 billion
BNB’s Coinmarketcap Rank: #5

In today’s analysis, we will examine the BNB/USD market, and expand our scope to the BNB/BTC market. This is done in hopes of finding suitable entry points and better market awareness in these interconnected markets.

Important price signals:
Resistance signs: $276, $300, $330
Support signals: $250, $230, $200

BNB bulls may weaken, TAMA goes straight on OKX

With the price action on the way down to $265.60, buying activity continued in the BNB/USD market, and it tried to increase the price to $282. Therefore, price action is now trapped between the 9 and 21-day moving averages. At this point, we witness a slight retracement towards the 265.60 Fibonacci level. To confirm this downward correction, the Stochastic RSI shows a small correction at the 50% level in the direction of the fast RSI line. Traders can consider this level as a buy point as the price can rise from here.

Tamadog OKX

Binance price estimate: BNB/BTC may also bounce back down.

Going by the last candle on BNB/BTC, it makes sense for us to anticipate a downward trend. Here on the chart we can see the doji as the last candle. Additionally, the RSI has reached the 99.91% level, and at this point, we can see some downward trend.

Buy Binance Coin now

Your capital is at risk.

Furthermore, traders can expect the price of Binance Coin to move sideways in the price range of 0.014912 and 0.013564. Therefore, long-term traders who bought this pair at the 61.80 Fibonacci level can shoot.

In other altcoin news, Tamadoge, a deflationary meme coin and ERC-20 token, will have an initial coin offering (IDO) on OKX. TAMA is set to list on September 27 at $0.03.

Tamadoge – Meme Play to earn coins

Tamadoge logo
  • Get TAMA in battles with Doge’s pets
  • Sealed Supply of 2 Billion, Token Burn
  • Presale collected 19 million dollars in less than two months
  • The upcoming ICO on the OKX exchange

Tamadoge logo

Join our Telegram Channel to get current information

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *