The Binance Coin is on a bearish channel
both on 4H ( MACD
= -0.021, B/BP = -0.0812) and 1D ( MACD
= -0.384, B/BP = -0.4405) but is currently on a deceleration due to the Triangle that is creating Higher Lows on 1D (Highs/Lows @ 000). If 8.89 breaks (most likely due to the underlying 1W bearish trend
) then the Triangle is void and the Channel Down can continue to a Lower Low. We are still short on BNBUSD with a TP = 7.5154.