BNB/USDT (D1) Time Frame Analysis

BNBUSDT
Education
12 day(s) ago
figure #1
(You should have a close look at the chart and go through all the details to get a better understanding of the analysis.)

Price previously bounced off a strong support zone starting from $552 to $521 where D1 100 EMA was also acting as a good support alongwith a key level.

Currently we can see the price above the D1 21 EMA at the $580 level. Here we can expect price to rise till the next ATH resistance zone starting from $630 to $670 where breaking through and holding above will be a strong bullish indication for moving upwards to next levels of $750, $850 and $1000 if the EMAs follow along the way.

Incase of a breakdown from the current level. The first strong support for the price starts from $550 to $525 and the second one under it starts from $500 to $470 where D1 100 EMA is also acting as a good support.

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