Binance Coin (BNB) Going Down (Next Support)

Binance Coin (BNB) is going down, as can be seem from the chart above.

If the daily candle closes below $13.5, you can expect additional downward action.

If that is the case, below you can find the next support (levels where the price might bounce):

(0) $12.70
(1) $12.40

This is our first support, if this level doesn't hold, look for the next support...

(2) $12.00
(3) $11.50

Note: This is no trade advice. I did this analysis as a favor to one of our great readers.

I appreciate your support.

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Comment:

Please read the following post about Binance Coin (BNB) and Bitcoin (BTC):

Comment:

Here is the weekly chart for BNBBTC, this is mega bearish:

Here is the daily for BNBUSDT, looks better but bearish nonetheless:

Comment:

BNB is back above trendline on the daily time frame.

This can negate completely the above point of view:

Comment:

So far the lowest point we reached was $11.6, which is my last support.

It continues bearish plus sideways, but deep on oversold.

Doesn't look good for now.

We maintain our bearish bias.

Namaste.