BNB has been in a bear-trend since its massive rally to ATH's in early 2019 when it reached 48134sats. On the way down price lost the Weekly Supports of 33000sats and 26555sats, however the Weekly Support of 16800sats has held strong since first being tested in March this year. Price is now testing the downtrend identified on the Weekly TF which runs from ATH and the swing high of June 10th 2019 Weekly candle. If price were to close above this trend-line I expect it to test 22841sats Weekly Resistance at least with the Weekly resistance of 26555sats being my next target. If the trend-line were to remain unbroken then price would be forced to break the 16800sats Weekly Support and test the Monthly Support of 12472sats.
Comment:
Bearish trend-line broken and price heading towards Weekly Resistance of 22841sats
Comment:
Price broken through Weekly Resistance of 22841sats and now testing the next Weekly Resistance of 26555sats