Binance Coin (BNB) Daily Price Forecast – December 26

2018-12-26 14:42

BNB/USD Medium-term Trend: Ranging Distribution territories: $7, $7.50, $8 Accumulation territories: $5, $4.50, $4

Currently, BNB/USD price worth has been ranging along with the 50-day SMA’s trend-line. Previously, within December 17 and 24, BNB/USD market was in a bullish trend outlook.

In the course of swing uptrend, the crypto rose from around a bit below $5 mark to test a bit above $6.50 market line while it encountered a strong distribution territory. A few hours into the December 24 trading sessions, the crypto stated falling to eventually average the Bollinger Lower Band at $5.50 mark on Dec.25. The 50-day SMA is located under the Bollinger Middle Band. The Stochastic Oscillators have dipped into the oversold zone to consolidate around it.

BNB/USD market may now have to be controlled by bears but a strong reversal could as well suddenly occur to let in bulls probably stage a come-back especially while $6 mark is breached northwards in the presumed process.

BNB/USD Short-term Trend: Ranging


BNB/USD market has been ranging around $5.80 and $5.60 since yesterday while it slumped southward. The $5.60 seemed to be a strong market point that has been holding back the crypto from further falling.

As at now, price has been ranging under the Bollinger Middle Band. The 50-day SMA has joined with the Bollinger Upper Band a bit below $6 price territory. The Stochastic Oscillators have touched range 40 to slightly point south.

A sudden breakdown of the $5.60 lower range point could result in achieving low price point between $5.40 and $5 marks. In contrary, a high price point of between $6 and $6.40 is achievable during a breakout of the current price range mode.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
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Изменеия 24h: 0.00 %, 7d: 0.00 %
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bnb usd trend ranging territories price december

Источник: bitcoinexchangeguide.com

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