![]() The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet.įXStreet and the author do not provide personalized recommendations. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author will not be held responsible for information that is found at the end of links posted on this page. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. It also does not guarantee that this information is of a timely nature. #BINANCE PRICE FREE#FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. The video attached below talks about Bitcoin price and its potential outlooks which could influence Binance Coin price. If sellers take control, Binance Coin price could sweep the $239.40 and $233.71 swing lows to collect the sell-stop liquidity resting below them. This development could lead to BNB filling the imbalance that extends from $257.74 to $245.01. On the other hand, if Binance Coin price produces a daily candlestick close below $257.74, it will invalidate the demand zone and hence bullish thesis for BNB by producing a lower low. Hence, a minor pullback to $280 could be followed by a 10% run-up to collect the buy-stop liquidity resting above $310.40. This development confirmed the formation of the $282.73 to $257.74 demand zone.Īlthough Binance Coin price is likely to pull back, the sellers will most likely be absorbed due to the aforementioned demand zone. This bullish move also shifted the market structure by producing a higher high relative to the August 30 swing high at $291.94. This move, while bearish, was the end of the selling pressure and was followed by a surge in buyers that led to a reversal and pushed BNB up by 15% over the next three days.Īs Binance Coin price rallied 15% from the $257.74 swing low, it also set a swing high at $298.48. Binance Coin price foresees its next moveīinance Coin price crashed below the $274.09 support level on September 6 by dropping roughly 6%. Therefore, investors can wait for the pullback to hop on the next leg-up. A daily candlestick close below $257.74 will invalidate the bullish thesis for BNB.īinance Coin price shows a clear bullish development that hints at an upcoming rally.A bounce off this demand zone could trigger a 10% run-up to $310.Binance Coin price shows a recent formation of a twelve-hour demand zone, extending from $282.73 to $257.74. ![]()
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