Most traders use candlestick charts, as they provide more information than a simple line chart.
#BINANCE COIN PRICE HOW TO#
How to read Binance Coin charts and predict price movements? Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the BNB price. Conversely, a drop below an important moving average is usually a sign of weakness in the BNB market. If the BNB price moves above any of these averages, it is generally seen as a bullish sign for Binance Coin. The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.ĥ0-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). For example, a 12-day simple moving average for BNB is a sum of BNB’s closing prices over the last 12 days which is then divided by 12. As the name suggests, a moving average provides the average closing price for BNB over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular Binance Coin price prediction tools. When trying to predict the Binance Coin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Similarly, Binance Coin resistance levels are at $ 214.43, $ 215.45, and $ 217.18.īinance Coin traders use a variety of tools to try and determine the direction in which the BNB market is likely to head next. Periodīased on today's classical pivot point (P1) with the value of $ 212.71, Binance Coin has support levels of $ 211.69, $ 209.97, and the strongest at $ 208.95. Traders use the trend indicator to discover short-term overbought or oversold conditions.
Weekly Exponential Moving Average (EMA) PeriodĪn oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Binance Coin Price Forecast Based on Technical Analysis Compared to today’s price, Binance Coin could gain 357.41% by 2030 if it reaches the upper price target. The Binance Coin price prediction for 2030 is currently between $ 662.99 on the lower end and $ 964.61 on the high end. Compared to today’s price, Binance Coin could gain 369.26% by 2025 if BNB reaches the upper price target. The Binance Coin price prediction for 2025 is currently between $ 468.42 on the lower end and $ 989.60 on the high end. Using the same basis, here is the Binance Coin price prediction for each year up until 2030. Meanwhile, the price of Binance Coin is predicted to reach as high as $ 1,049.13 next year. Long-term Binance Coin price prediction for 2024, 2025, 2026, 2027, 2028, 20īased on the historical price movements of Binance Coin and the BTC halving cycles, the yearly low Binance Coin price prediction for 2024 is estimated at $ 209.02.
#BINANCE COIN PRICE PROFESSIONAL#
Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our Binance Coin forecast, it's now a bad time to buy Binance Coin.ĭisclaimer: This is not investment advice. Binance Coin recorded 15/30 (50%) green days with 1.11% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 48 (Neutral). According to our current Binance Coin price prediction, the price of Binance Coin is predicted to rise by 10.67% and reach $ 235.67 by October 10, 2023.
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