BNB analysis:bearish movement ahead?
Updated
We can see that BNB has started a bearish channel recently which hasn't been broken yet! so if we observe closely and take a look at RSI we can find out It's gonna stay in the channel for now, cause there is a possibility of a Bearish cross between RSI & RSI MA Which means the Bearish trend shall continue for now.
you can see that BNB reacted as expected in the past few times to RSI so we can be sure of the next movement.
you can see that BNB reacted as expected in the past few times to RSI so we can be sure of the next movement.
Trade active
a break out in the bearish channel has happened which means there is a chance for ascending further but we can't be sure! not until the daily candle closes above it!wait and observe!
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.