THELOGICALINDIAN - BNB is alarmingly abutting to falling beneath its trend lines
Binance Coin / USD Short-term amount analysis
Binance Coin has a bearish concise outlook, with the cryptocurrency still trading beneath its 200-period affective boilerplate on the four-hour time frame.
The four-hour time anatomy shows that the BNB / USD brace is now acid the neckline of a bearish arch and amateur pattern, afterward an beforehand apocryphal blemish to the downside.
Technical indicators on the four-hour time anatomy are bearish and highlight that the BNB / USD brace is aback beneath downside pressure.
Pattern Watch
Traders should agenda that the 16.00 akin is the all-embracing ambition of the bearish arch and amateur arrangement on the four-hour time frame.
Relative Strength Index
The RSI Indicator is bullish on the four-hour time anatomy is already afresh axis bearish afterwards a abrupt abstruse correction.
MACD Indicator
The MACD indicator on the four-hour time anatomy is bearish and continues to affair a advertise signal.
Binance Coin / USD Medium-term amount analysis
Binance Coin has a bullish medium-term outlook, with the BNB / USD brace still trading aloft key abutment on the circadian time frame.
The circadian time anatomy continues to appearance that a accurate astern arch and amateur arrangement charcoal present, with the BNB / USD brace captivation aloft blemish support.
Technical indicators accept angry bearish on the circadian time anatomy and abide to affair advertise signals.
Pattern Watch
Traders should agenda that a bearish arch and amateur arrangement can additionally be apparent on the circadian time frame.
Relative Strength Index
The RSI indicator is bearish on the circadian time anatomy and still shows ambit for added downside.
MACD Indicator
The MACD indicator on the circadian time anatomy is bearish, although it is starting to arise oversold.
Conclusion
Binance Coin is already afresh advancing beneath burden in the short-term, with sellers acid the neckline of the bearish arrangement with a cogent downside projection.
Buyers will accept to assignment adamantine to advance the BNB / USD pair’s medium-term bullish cachet and accumulate amount aloft analytical neckline abutment on the circadian time frame.
Check out our bread guide for BNB to accept how it works.
We additionally conducted a abysmal assay of the Binance Exchange badge in our DARE.
