The Binance Coin price line is currently under a bullish momentum. The cryptocurrency saw itself above the $20.40 mark on the 03rd of March. izore is a trading view analyst who believes that the cryptocurrency will gradually move towards the $26 mark for its next price target. BNBUSD trades with a day’s range of $19.5853702 — $20.1603300.
1-Day Binance Coin Price Analysis (03rd March)
The cryptocurrency lay its price line straight until before noon on the 03rd of March when the price saw bulls towards the $20.40 mark. The cryptocurrency reached a day’s high of $20.40109 US Dollars, after which it came down towards the $19.40 mark closer to the end of the day. Before the day ended, the BNBUSD pair saw a price recovery and the cryptocurrency rose towards across the $19 mark where it currently lies with a trading value of $19.9173833 US Dollars.
The 20-Day Exponential Moving Average (EMA) saw the day’s closure at $19.9582922, while the 50-Day Moving Average (MA) closed at $19.9374692. At the same time, the Relative Strength Index (RSI) stands at 61.77.
Binance Coin: predictive analysis
izore is of the opinion that the Binance Coin / US Dollar pair is set to head upwards on the chart, and there are two price targets for the cryptocurrency.
The first target lies right above the $23 mark, while the second target for the cryptocurrency, as shown in the chart, lies way above the $26 mark. For this scenario, the entry price is at $19.35, whereas the stop level lies below the $17.5 mark.
Featured Image by Patrick Fore.
Disclaimer: The information provided is not trading advice but an informative analysis of the price movement. Cryptopolitan.com holds no liability towards any investments based on the information provided on this page.