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Weekly forecast Binance Coin technical chart
Symbol BNBUSD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (203.5 to 195.0). 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 (203.5)
  • Ending of entry zone (195.0)

DateDecember 2, 2023 - 20:34
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 203.5, beginning of uptrend is expected.
  • We make sure when the resistance at 258.0 breaks.
  • If the support at 203.5 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 337.8 on 2023-02-05 and the trough at 350 on 2023-04-16, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 258.0 on 11/10/2023, so more losses to support(s) 220.0 and minimum to Major Support (203.5) 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 45.

Take Profits:

  1. 220.0
  2. 231.0
  3. 248.0
  4. 261.5
  5. 283.0
  6. 301.0
  7. 350.0
  8. 361.5
  9. 402.8
  10. 460.0
  11. 506.2
  12. 563.6
  13. 658.0
  14. 692.0
Click on the level to view price action history.

Symbol Released Current Forecast
Binance Coin (BNBUSD) Sun, 11 Feb 2024
Binance Coin (BNBUSD) free Sun, 4 Feb 2024
Binance Coin (BNBUSD) Sun, 28 Jan 2024
Binance Coin (BNBUSD) Sat, 20 Jan 2024
Binance Coin (BNBUSD) Sun, 14 Jan 2024