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TECHNICAL ANALYSIS $BNB 12-JUL
Binance Coin / TetherUS
Short
TECHNICAL ANALYSIS $BNB 12-JUL
By JohnnyTranFx
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Jul 12
1
Jul 12
The daily trend is bearish, the bottom at
BNB
is at an unknown place (without any resistance), so it is likely to continue to decline.
The beginning of the daily downtrend is the old peak - where there is strong selling force, so it further supports the bearish factor.
H4 is in a recovery wave, we don't know where it will return, but a maximum of $580 is a strong supply zone.
BNB is in a downtrend and
BTC
is also in a downtrend so simply don't buy.
Wait for confirmation of price increase to buy later.
BNBUSDT
Supply and Demand
Support and Resistance
JohnnyTranFx
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