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InvestingScope

BNBUSD: Channel Down emerged but still above the support lines.

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Binance Coin (BINANCE:BNBUSD)  
InvestingScope  
BINANCE:BNBUSD   Binance Coin
Trend Analysis Chart Patterns Technical Indicators bnbusd BNB binance binancecoinusd binancecoin crypto cryptos Cryptocurrency cryptocurrencies
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trendanalysis chartpattern indicator bnbusd bnb binance binancecoinusd binancecoin crypto cryptos cryptocurrency cryptocurrencies
Despite the weekly (non-technical) volatility (ATR = 0.4643), the Binance Coin has created the anticipated Channel Down on 1D but remains largely neutral (RSI = 50.191, MACD = -0.050, Highs/Lows = 0.0000) due to Monday's spike. The 8.8857 and 8.2522 support levels need to break on this Channel Down. Our TP on BNBUSD remains 7.5154.
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