BNBUSD: 1W Lower High made. Channel Down emerging.
The Binance Coin is trading just below the 10.66 1D Resistance which was marginally broken but appears to be rejecting the uptrend since (RSI = 51.974, Highs/Lows = 0.0000). If this is considered a Lower High on the 1W Channel (MACD = -0.305, Highs/Lows = 0.0000, B/BP = -1.3464) then a Channel Down should emerge towards the two support levels: 8.8857 and 8.2522. We remain bearish on the long term on BNBUSD with TP = 7.5154.
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