$BNB Analysis may rise to 245.2 - 247.4
30 MIN TIMEFRAME
The current pivot point is 237.8, which is a support level. The preference is for the price to continue to rise as long as 237.8 is support. However, if the price breaks below 237.8, it is likely to fall towards 234.1 and 232.0.
The RSI is above its neutrality area at 50, which indicates that the bulls are in control. The MACD is above its signal line and positive, which also suggests that the momentum is positive. This could lead to further upside in the price.
The price is also trading above both its 20 and 50 period moving average (respectively at 240.5 and 240.4). This suggests that the trend is up and the price is likely to continue to rise.
Overall, the technical indicators suggest that the market is in a bullish state and could go higher. However, it is important to monitor the price closely and be prepared for a pullback if the price breaks below 237.8.
Here are the key takeaways:
* The pivot point is 237.8.
* The preference is for the price to rise as long as 237.8 is support.
* If the price breaks below 237.8, it is likely to fall to 234.1 and 232.0.
* The RSI is above its neutrality area at 50. The MACD is above its signal line and positive.
* The price is trading above both its 20 and 50 period moving average.
I hope this is helpful!
LIKE SHARE AND COMMENT!!
