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Weekly forecast Binance Coin technical chart
Symbol BNBUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 11, 2023 - 10:49
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 361.5, continuation of downtrend is expected.
  • We make sure when the support at 220.0 breaks.
  • If the resistance at 361.5 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 328.0 on 02/16/2023, so more losses to support(s) 267.3, 250.0 and minimum to Major Support (220.0) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 31.

Symbol Released Current Forecast
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Binance Coin (BNBUSD) Sun, 31 Mar 2024
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