Market Analysis of BNBUSDT on Thursday 19 DECEMBER 2024

2024-12-19 18:13Source:BtcDana

BNBUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


BNBUSDT running in negative trend and its immediate strong resistance are 704 to 750 level .  Stop loss is 750 level and it can fall towards 630 level  . Intraday purpose selling is better for targets 694, 690 and 685 levels respectively with stop loss 750 level. Two pattern made in BNB chart and both indicating fall towards 630 level as shown in graph .


QUICK FUNDAMENTAL LOOK                                                                    


After a close above the $675 level, BNB price started a fresh increase, like Ethereum and Bitcoin. The bulls were able to pump the price above the $680 and $700 resistance levels.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account  .

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