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):
This is our first support, if this level doesn't hold, look for the next support...
Note: This is no trade advice. I did this analysis as a favor to one of our great readers.
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Here is the daily for BNBUSDT, looks better but bearish nonetheless:
This can negate completely the above point of view:
It continues bearish plus sideways, but deep on oversold.
Doesn't look good for now.
We maintain our bearish bias.
now i zoom in.
This might be normal but actually seeing it is kinda weird.
I do have a question on the BNBBTC weekly chart that shows being bearish. What EMA is that blue line? hoping that will hold...
i wouldn't overemphasize the correlation between BNB and BTC, especially in terms of BNB telling which direction BTC will go. BTC never reacted but acted. When i look at the chart of BNB I see a retrace which might have been finished. Until March DGD was the store of value when BTC tanked. Maybe (or probably) BNB inherited that function. Nevertheless @OxHip did a good observation. BNB's fuel are fundamental news.
Just my two satoshis.