Short term uptrend which was started on 8th July was broken and as you can see above 
BNBUSDT is still in decreasing channel
support on 9220 as well as the horizontal support at 9165 has worked so perfectly. If
BTCUSDT remains in this downtrend channel we can see more fall in the price of BNBUSDT because RSI and MACD crossover on 4HR chart has crossed and RSI is moving downward and MACD crossover has just happened so it is possible that BNBUSDT can make a correction and fall again to 8950-9000 area. Do share your thoughts and analysis in comments I'm just a new trader. If you find anything wrong or noneducational in this post please do tell me in comments.
BNBUSDT is still in decreasing channelsupport on 9220 as well as the horizontal support at 9165 has worked so perfectly. If
BTCUSDT remains in this downtrend channel we can see more fall in the price of BNBUSDT because RSI and MACD crossover on 4HR chart has crossed and RSI is moving downward and MACD crossover has just happened so it is possible that BNBUSDT can make a correction and fall again to 8950-9000 area. Do share your thoughts and analysis in comments I'm just a new trader. If you find anything wrong or noneducational in this post please do tell me in comments.
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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.