Technical Analysis: Solana (LEFT), Binance Coin (BNB) and Cardano (ADA) Price Forecasts


Bitcoin and a significant part of the altcoins continue their pricing away from the resistance zones. The Bitcoin reserve on the exchanges is still below the 2018 levels, but the ongoing transfers by whales are also attracting attention. Despite all this, Turkish investors continue to make a profit at the TL parity due to the increase in the dollar. The exchange rate fluctuations in recent hours have kept the price at the TL parity ATH he got it to the point. One Bitcoin (BTC) It has exceeded £770,000. What about the dollar parity Solana (LEFT), Binance Coin (BNB) and Cardano (NAME) where are the current support and resistance levels for?

Binance Coin (BNB)

Binance Coin (BNB), which fell from $605.20 on November 21 and sagged below the 20-day EMA (584). The bears could not seize this opportunity and pull the price to the support zone of $ 532. At the time of writing, BNB continues to find buyers at $ 583.

The price is extremely close to the EMA-20 zone, and it is important to maintain this level. BNB if the bulls are going to make a new breakthrough, they will want to raise the price to the level of 605.2. A new test can be launched for $ 669, which is the resistance zone. If this level is exceeded, there will be a $691 trial for the new ATH.

In the negative scenario, if the price loses the EMA-20, the bears will strive for a BNB in the SMA-50 zone. In this case, the test comes in at $ 532.

Solana (LEFT)

Solana (LEFT), which fell below the 20-day EMA (219) on November 22. The bulls raised the price above this level on November 23, but failed to see higher levels. At the time of writing, Solana is finding buyers at $203 with a 9% loss.

The bears will now try to pull the price to the support line of the symmetrical triangle. This is an important level for the bulls’ defense, because a break below it can turn the advantage in favor of the bears. Below are the supports of 153 and 140 dollars, which will save the price. In the short term, if the bulls can move the price above $219, a new journey towards $259 may begin.

Cardano (ISLAND)

Cardano (NAME), rebounded from the 20-day EMA (1.90) on November 21, and the bears pulled the price below the critical support. During the summer period Cardano it is below this figure, accordingly, the sales momentum may increase even more. During the summer period NAME he finds a buyer at $ 1.62.

Downward-sloping moving averages and the RSI near the oversold zone confirm that the bears are taking control. The price can deepen its losses by testing the 1,5 support, in this region buyers will have to step in. For upward movement, it is necessary to move the price back above $ 1.7 and protect this region.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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