Free Binance Coin (BNB) Technical Analysis Signals | Free Crypto Technical Analysis Signals | 07 Dec

Overal Signals
Neutral Neutral Neutral Hold
Last Update / Period
07 Dec / Daily

Binance Coin (BNB) signal with technical analysis on 07 Dec

On May 5, 2023, we conducted a comprehensive technical analysis of Bitcoin, considering 256 signals with intricate details. Here are the key findings: 57 suggested buy signal strategies, while 91 indicated sell signal strategies. The remaining 108 strategies remained neutral without providing any specific signal.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's delve into the details of each strategy:

Strategy 1:
Buy Signals: 19
Sell Signals: 20
Neutral Signals: 25
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 16
Sell Signals: 20
Neutral Signals: 28
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 16
Sell Signals: 19
Neutral Signals: 29
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 6
Sell Signals: 32
Neutral Signals: 26
Result: This strategy leads to a Hold position.

Overal Strategy :
Buy Signals: 57
Sell Signals: 91
Neutral Signals: 108
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are solely based on daily price changes and do not take external factors such as news, market sentiment, or company developments into account. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Binance Coin (BNB) investments, we strongly recommend visiting the "Magic Analysis" technical analysis website. They also provide signals for free, and if a signal aligns with ours, it's likely to be a reliable and valid indicator, as we've seen over time.

SNResult: Looking at the technical analysis for Binance Coin (BNB) on th, it appears that there is a tendency toward a sell signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and making investment decisions should be done carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.

According to the above signals and forecasts, we recommend the following methods:
Binance Coin (BNB) trading strategy for those who are in buy positions (long positions): If you are currently in a buy position (long position), it is recommended to choose the optimal time to exit the current position based on the combination of technical analysis signals. If you have a high risk tolerance, wait for the market to move in the coming days.
Binance Coin (BNB) trading strategy for those who are in sell positions (short positions): If you are currently in a sell position (short position), holding your position may be the right strategy based on the consensus of our technical analysis signals. However, always be careful and monitor market developments closely.
For new positions: If you are not currently invested or are considering switching to a sell position (short position), it is recommended to consider the expected price range, which represents a potential downside of 6.04% based on the lowest expected price. Before entering into a selling position, be careful and do thorough research to ensure it is compatible with your risk tolerance and investment objectives.

In all your trading endeavors, the implementation of a well-defined stop loss strategy is paramount to manage potential downside risks effectively.

Useful Tips 2:, for those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions for your Binance Coin (BNB) holdings.

Binance Coin (BNB) Price Analysis and Support Levels:

In our current Binance Coin (BNB) position, we find ourselves in a short position, anticipating a potential downward trend in the market. It's essential to have a clear understanding of the support levels that can come into play. These levels act as key reference points for traders and investors to make informed decisions.

First Support Level: 221.003
The initial support level at 221.003 is where we are closely monitoring the price. It serves as a critical point in our analysis. If the current downward trend persists without any signs of reversal, this level may be breached. This would imply that the selling pressure is quite substantial and might indicate further potential for price depreciation.

Second Support Level: 216.361
In the event that the first support level at 221.003 is broken, the second support level at 0 becomes pivotal. Breaking this level suggests a stronger downward momentum, which could be attributed to market sentiment, external factors, or a combination of both.

Third Support Level: 203.655
Now, if the price continues to decline, and the second support level at 216.361 is confirmed as broken, it would signal a significant shift in market dynamics. Remaining below this level would be a strong indication that the downward trend is persisting. In this scenario, it's not uncommon for traders to anticipate the next level of support, which is at 203.655.

It's crucial to remember that these support levels should be looked at closely and understood in the context of overall market trends and indicators. To make well-informed decisions while trading Binance Coin (BNB), it's essential to stay alert and keep analyzing the market consistently. This will be valuable as we navigate the ever-changing world of Binance Coin (BNB) trading. By paying attention to these support levels and considering broader market dynamics, you can make smarter trading choices and adapt to the dynamic nature of this market.

Binance Coin (BNB) technical analysis chart

Binance Coin (BNB) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 250.657 257.187 265.712 297.995 316.962
Support 221.003 216.361 203.655 184.54 --
Binance Coin (BNB) price movement in the coming days

Binance Coin (BNB) signals list for 07 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Binance Coin (BNB) technical analysis over the past days

# Date Overal Signals ALL Signals
1 06 Dec Hold NeutralNeutralNeutralHold
2 05 Dec Hold NeutralHoldHoldHold
3 04 Dec Buy BuyBuyHoldHold
4 03 Dec Hold NeutralHoldHoldHold
5 02 Dec Hold NeutralHoldHoldHold
6 01 Dec Hold HoldHoldHoldHold
7 30 Nov Hold HoldHoldHoldHold
8 29 Nov Hold HoldHoldHoldHold
9 28 Nov Hold HoldHoldHoldHold
10 27 Nov Hold HoldHoldHoldHold
11 26 Nov Sell SellHoldHoldHold
12 25 Nov Hold NeutralHoldHoldHold
13 24 Nov Sell HoldHoldHoldSell
14 23 Nov Hold HoldHoldHoldNeutral
15 22 Nov Hold HoldHoldHoldHold
16 21 Nov Sell SellSellSellSell
17 20 Nov Buy BuyBuyBuyHold
18 19 Nov Buy NeutralNeutralNeutralBuy
19 18 Nov Sell SellNeutralNeutralNeutral
20 17 Nov Neutral NeutralSellNeutralHold
21 16 Nov Sell SellNeutralNeutralHold
22 15 Nov Buy BuyBuyBuyHold
23 14 Nov Hold HoldNeutralNeutralHold
24 13 Nov Sell SellNeutralHoldHold
25 12 Nov Hold NeutralNeutralHoldHold
26 11 Nov Hold HoldHoldHoldHold
27 10 Nov Hold HoldHoldHoldHold
28 09 Nov Hold HoldHoldHoldHold
29 08 Nov Hold HoldHoldHoldHold
30 07 Nov Hold HoldHoldHoldHold

Users forecasts for Binance Coin (BNB)

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