The BNB 4-hour cycle is dominated by bears, breaking below the 30-day moving average with no recovery. There is no bottom, only lower lows, and the downward structure continues to weaken.
The moving averages are arranged in a bearish pattern with strong resistance above; MACD is expanding below the zero line in a bearish trend; RSI rebounds to 50 but then falls back, indicating that the bulls are weak.
Suggestion: Short in the 898-908 range, with a swing target first at 880-870; if broken, then look at 865-850.
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The BNB 4-hour cycle is dominated by bears, breaking below the 30-day moving average with no recovery. There is no bottom, only lower lows, and the downward structure continues to weaken.
The moving averages are arranged in a bearish pattern with strong resistance above; MACD is expanding below the zero line in a bearish trend; RSI rebounds to 50 but then falls back, indicating that the bulls are weak.
Suggestion: Short in the 898-908 range, with a swing target first at 880-870; if broken, then look at 865-850.