BNB Price Recovery Hangs in the Balance: A Possible Ceiling

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koinmilyoner

Bullish

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BNB Price Recovery Hangs in the Balance: A Possible Ceiling Clooms Bearish BNB pricing below $600. The price must break $575 and $585 barrier to become positive. BNB price fell after failing to break $600 barrier. Price is below $585 and 100 SMA. The hourly BNB/USD data shows a negative trend line with resistance around $575. The pair may gather impetus if it breaks $585 resistance. BNB Falls Again BNB pricing languished at $600 after a good gain. Below $585, Ethereum and Bitcoin fell. Price fell below $575 and the 100-sMA (4 hours). The stock dropped to $561 and is consolidating losses. Minor gains occurred over $565. Price challenged the 23.6% Fib retracement level of the $600 swing high to $561 low decline. It's below $585 and the 4-hour SMA. Around $575 is immediate resistance. On the BNB/USD hourly chart, a negative trend line with resistance around $575 is forming. The next resistance level is $585, the 61.8% Fib retracement of the decline from the $600 swing high to the $561 low. A break over $585 might boost prices. BNB might reach $600 in this situation. Close over $600 might lay the stage for a stronger move toward $650. If gains continue, $680 may be tested in the coming days. Lost More? BNB might fall if it fails to break $575 resistance. Near $560 is first downside support. Support near $550 is next. Main support is $532. A breakdown below $532 might send the price to $510. Losses might cause a bigger drop near $500. #Memecoins #altcoins $BNB #BNB #BinanceLaunchpool

BNB Price Recovery Hangs in the Balance: A Possible Ceiling Clooms
Bearish BNB pricing below $600. The price must break $575 and $585 barrier to become positive.
BNB price fell after failing to break $600 barrier.
Price is below $585 and 100 SMA. 
The hourly BNB/USD data shows a negative trend line with resistance around $575. 
The pair may gather impetus if it breaks $585 resistance.
BNB Falls Again
BNB pricing languished at $600 after a good gain. Below $585, Ethereum and Bitcoin fell.
Price fell below $575 and the 100-sMA (4 hours). The stock dropped to $561 and is consolidating losses. Minor gains occurred over $565. Price challenged the 23.6% Fib retracement level of the $600 swing high to $561 low decline.
It's below $585 and the 4-hour SMA. Around $575 is immediate resistance. On the BNB/USD hourly chart, a negative trend line with resistance around $575 is forming.
The next resistance level is $585, the 61.8% Fib retracement of the decline from the $600 swing high to the $561 low. A break over $585 might boost prices.
BNB might reach $600 in this situation. Close over $600 might lay the stage for a stronger move toward $650. If gains continue, $680 may be tested in the coming days.
Lost More?
BNB might fall if it fails to break $575 resistance. Near $560 is first downside support.
Support near $550 is next. Main support is $532. A breakdown below $532 might send the price to $510. Losses might cause a bigger drop near $500. #Memecoins #altcoins $BNB #BNB #BinanceLaunchpool 