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TheTradingo
Jul 9, 2020 4:31 PM

Short Term Uptrend Broken, BTC going 9000!!! Short

Bitcoin / TetherUSBinance

Description

Short term uptrend which was started on 8th July was broken and as you can see above BINANCE:BNBUSDT is still in decreasing channel
support on 9220 as well as the horizontal support at 9165 has worked so perfectly. If BINANCE:BTCUSDT remains in this downtrend channel we can see more fall in the price of BINANCE:BNBUSDT because RSI and MACD crossover on 4HR chart has crossed and RSI is moving downward and MACD crossover has just happened so it is possible that BINANCE:BNBUSDT can make a correction and fall again to 8950-9000 area. Do share your thoughts and analysis in comments I'm just a new trader. If you find anything wrong or noneducational in this post please do tell me in comments.
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