Binance Coin / TetherUS
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TECHNICAL ANALYSIS $BNB 12-JUL

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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.

Penafian

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