Get started
InvestingScope

BNBUSD: 1W Lower High made. Channel Down emerging.

Short
Binance Coin (BINANCE:BNBUSD)  
InvestingScope  
BINANCE:BNBUSD   Binance Coin
Trend Analysis Chart Patterns Technical Indicators bnbusd BNB binancecoin binancecoinusd crypto cryptos Cryptocurrency cryptocurrencies
11
0
trendanalysis chartpattern indicator bnbusd bnb binancecoin binancecoinusd crypto cryptos cryptocurrency cryptocurrencies
The Binance Coin is trading just below the 10.66 1D Resistance which was marginally broken but appears to be rejecting the uptrend since (RSI = 51.974, Highs/Lows = 0.0000). If this is considered a Lower High on the 1W Channel (MACD = -0.305, Highs/Lows = 0.0000, B/BP = -1.3464) then a Channel Down should emerge towards the two support levels: 8.8857 and 8.2522. We remain bearish on the long term on BNBUSD with TP = 7.5154.
Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.