Should I buy BNB Now? | Binance Coin BNB Price Prediction and Technical Analysis | BNB News Today

13 Jun 2021 · 12 min
12:17

In this video, The Art of Crypto provides a detailed technical analysis of Binance Coin (BNB) on the daily chart, aiming to guide viewers on whether to buy BNB now. He identifies the current price around $341 as a key support level and highlights the 200‑day exponential moving average (EMA) as a strong dynamic support. Using the Market Cipher indicator, he notes that money flow is turning red, indicating outflows, and explains how this metric informs potential downside risk. He proposes specific entry points: a limit order around $296‑$300 (approximately a 13% drop) and another near the $200 EMA, both of which he expects to hold. He outlines a bearish scenario where BNB could break below $150, potentially cascading to $100 or even $50, supported by volume‑profile (VPVR) analysis that shows thin liquidity in those zones. Conversely, he describes a bullish scenario that requires a breakout above roughly $350, followed by a retest (SR flip) to capture upside momentum, with profit‑taking targets spaced at roughly $25 intervals. Throughout, he emphasizes the importance of marking these levels, scaling out positions based on market conditions, and maintaining disciplined risk management. The video concludes with a promotional call‑to‑action for a private Discord trading group and a paid course, offering limited spots and a discount for crypto payments.

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