Binance Coin has seen an impressive 27.5% price hike this month, bringing it up to $16.83Against BTC, BNB rebounded from support at 0.00179 BTC at the start of 2020 to climb to the current 0.002 BTC level.Binance Coin has dropped a small 5% this week after meeting resistance at the 100-days EMA and rolling over.Key Support & Resistance LevelsBNB/USDSupport: $16.80, $16.00, $15.60, $15.28.Resistance:$17.30, $18.09, $18.50, $19.71.BNB/BTC:Support: 0.00198 BTC, 0.00195 BTC, 0.00191...Read More »
Binance Coin Price Analysis: BNB Charts Small Gains Following WazirX IEO Announcement
BNB is under a bearish threat with a double-top pattern.Surrounding fundamentals could keep buyers alive for the next rally.Despite bearish signs, BNB remains bullish on a short-term trend.Following a recent tweet by Changpeng Zhao @CZ_Binance: a new token sale of WazirX (WRX) was announced to take place on the Binance launchpad next month – the first IEO in 2020. BNB/USD: The Rejection at $18.5 Could Cause Severe Drop For BNBKey Support Levels: $16.4, $15.5Key Resistance Levels: $18.5,...Read More »
Crypto Price Analysis & Overview December 20th: Bitcoin, Ethereum, Ripple, Litecoin, and Binance Coin.
BitcoinBitcoin went through a rollercoaster of price action this week. On Monday, the cryptocurrency started to fall, and it dropped by a total of 10% by Tuesday to reach a low of $6,430. However, after that, it rebounded higher, gaining a total of 15% to climb back above the $7,000 level and reach the current support of $7,125.If the buyers continue to drive the coin higher, an initial resistance is expected at $7,400. Above this, resistance lies at $7,686 (bearish .382 Fib Retracement), and...Read More »