Binance Coin Price Prediction, $BNB – USD
BNB Price Prediction Nov 2020
Welcome to the allinonecrypto.app analysis series and coin price prediction. Here we will provide you simple yet easiest format to understand the price prediction for $BNB Binance Coin.
Let’s get started without doing much
Current BNB Price
Weekly BNB Price Prediction
As we can see in the weekly chart $BNB is doing very well at the middle zone of support and resistance. At this zone edges, we will see some back and forth for few days. As many traders will book their long position from weekly support line and many other traders will open new long or short position based on how price action will be done for BNB coin at this middle point. Closing daily above will tends to open long position up to resistance point and closing below middle point will indicates open short position.
Daily BNB Price Prediction
In daily, as said in weekly there will be some back and forth in the zone and here we can see it clearly, Binance coin got rejection in previous month at this range and got finally support at Daily 55 EMA level. Which leads the rally up to $33. Right now as we can see in the chart Binance coin, today’s candle close above the mid point with huge volume and just re-testing the middle line, this indicates the BNB is bullish to reclaim the resistance level of ATH (All Time High).
At the time of writing this article #BNB was trading at $32.5 – $33, Spot traders can buy some BNB between range of $31 to $33 with target up to all time high and stop loss below $29.
1 Hour BNB Price Prediction
Hourly charts will be used by futures traders or leverage traders, as they will focus on small moves to gain profit. So to include all kind of traders we have included hourly chart too. As per the 1H chart, we can see BNB got 2 time fakeout and dumped hard to the middle point support. Here one more thing is also needs to consider which is RSI and MACD hidden divergence, this is showing the price should be revisit the support zone of middle point at around ~ $30.3 to $30.8. So future traders can place a limit order at the given range and wait to fill it out.
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