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Weekly forecast Binance Coin technical chart

Trading suggestion:

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

DateMarch 25, 2023 - 11:12
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 346.5 on 03/18/2023, so more losses to support(s) 318.0, 300.0, 283.0 and minimum to Major Support (220.0) 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 56.

Symbol Released Current Forecast
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