BNBUSDTThis is a 1D frame analysis for BNBUSDT The price has experienced a significant drop after breaking the ascending triangle. The selling pressure was so high that the price was unable to bounce back and the price after the break of the support line attempted to rise but after several attempts failed to stay above the resistance line and experienced further drop. However, currently the price is stabilizing below the first resistance line and the first support line is able to guide the price upwards. In the weekly timeframe we can see a Doji candle which can indicate indecision in the market but if the price continues to range and fails to stay above the first resistance line we can expect to see a price correction again. We have identified the support and resistance levels for you so you can use them to help you buy and sell.
