BNBUSD / OVERALL DOWNWARD PRESSURE / 4HBNBUSD / 4H TIME FRAME
HELLO TRADERS
Current Status , Prices are attempting to stabilize above 585.4 ,If successful, the price is expected to rise towards a supply zone between 605.8 and 619.1.
Uptrend Confirmation , For an uptrend to be confirmed, the price must break above the supply zone between 605.8 and 619.1.
Downtrend Scenario , If prices break below 585.4, it indicates a likely decline towards a demand zone between 571.8 and 565.5 , To confirm a downtrend, prices would need to break below this demand zone.
Range & Direction , The price is currently fluctuating between the supply and demand zones. Breaking either side of this range will help determine the future direction.
General Market Sentiment, Despite the analysis of potential movement in both directions, the overall tendency suggests the prices are under downward pressure.
Supply Zone : 605.8 and 619.1.
Demand Zone : 571.8 and 565.5.