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Weekly forecast Binance Coin technical chart
Symbol BNBUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (17.350 to 16.500). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (17.350)
    • Resistance on 01/15/2020
    • Resistance on 01/19/2020
    • Resistance on 01/23/2020
    • Resistance on 01/27/2020
    • Support on 01/31/2020
    • Support on 02/01/2020
    • Support on 02/02/2020
    • Support on 02/04/2020
    • Support on 02/26/2020
    • Support on 02/27/2020
    • Support on 02/28/2020
    • Resistance on 03/10/2020
    • Resistance on 03/11/2020
    • Resistance on 05/01/2020
    • Resistance on 05/04/2020
    • Resistance on 05/05/2020
    • Resistance on 05/08/2020
    • Resistance on 05/20/2020
    • Support on 06/04/2020
    • Support on 06/05/2020
    • Resistance on 06/08/2020
    • Resistance on 06/09/2020
    • Resistance on 07/08/2020
    • Resistance on 07/09/2020
    • Support on 07/15/2020
    • Resistance on 07/17/2020
    • Support on 07/20/2020
    • Support on 07/21/2020
    • Support on 07/22/2020
  • Ending of entry zone (16.500)
    • Support on 01/17/2020
    • Support on 01/19/2020
    • Support on 01/20/2020
    • Resistance on 01/25/2020
    • Resistance on 03/09/2020
    • Resistance on 03/12/2020
    • Resistance on 04/20/2020
    • Resistance on 04/27/2020
    • Resistance on 04/28/2020
    • Support on 04/30/2020
    • Support on 05/04/2020
    • Support on 05/05/2020
    • Support on 05/06/2020
    • Support on 05/07/2020
    • Resistance on 05/14/2020
    • Resistance on 05/15/2020
    • Support on 05/20/2020
    • Resistance on 05/25/2020
    • Resistance on 05/26/2020
    • Resistance on 05/27/2020
    • Support on 05/29/2020
    • Resistance on 06/17/2020
    • Resistance on 06/18/2020
    • Resistance on 06/22/2020
    • Resistance on 06/23/2020
    • Resistance on 06/24/2020
    • Support on 07/08/2020
    • Support on 07/09/2020
    • Support on 07/10/2020
    • Trough on 07/16/2020
    • Support on 07/16/2020

DateAugust 24, 2020 - 19:26
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 17.3 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 20.500 on 08/11/2020, so more gains to resistance(s) 22.600, 26.580 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 57.

Take Profits:

  1. 18.880
  2. 20.800
  3. 22.600
  4. 26.580
Click on the level to view price action history.

Symbol Released Current Forecast
Binance Coin (BNBUSD) Sun, 14 Apr 2024
Binance Coin (BNBUSD) Sun, 7 Apr 2024
Binance Coin (BNBUSD) Sun, 31 Mar 2024
Binance Coin (BNBUSD) Sun, 24 Mar 2024
Binance Coin (BNBUSD) Sun, 17 Mar 2024