BNBUSD / TRADING BETWEEN TURNING LEVEL SUPPORT LEVEL - 4HBNBUSD / 4H TIME FRAME
The overall trend is downward , until trading below turning level at 526.4 .
the current technical indicators suggest that BNBUSD is facing downward pressure as long as the price remains below 526.4. This level acts as a resistance, preventing any significant upward movement. The continued decline towards 502.1 is supported by bearish momentum, which is likely to persist if the price stays under 526.4.
If a 4-hour candle closes below 502.1, it would confirm the strength of the downtrend, potentially driving the price down further to 472.0. This level could serve as a key support, but if broken, it may lead to a deeper decline.
Conversely, if the price breaks above 526.4 and stabilizes, it would indicate a shift in momentum, favoring a potential upward movement. The next targets would be 544.9 and 556.6, where 556.6 acts as a significant resistance. To confirm a true uptrend, breaking and holding above 556.6 would be crucial, as it would signal strong bullish sentiment and a possible continuation of the upward trajectory.
KEY LEVELS :
TURNING LEVEL : 526.4 .
RESISTANCE LEVELS : 544.9 , 556.6 .
SUPPORT LEVELS : 502.1 , 472.0 .