#BNB has fallen 3.5% today.
Today’s follow-up is still bearish!
Recently, the price has fluctuated within the range of 560 to 570, with multiple upper and lower shadow lines appearing, indicating that there is strong selling pressure and support in the market.
There was a sudden breakthrough today and the price reached 555
According to the news: cz will most likely continue to be squeezed by the United States until most of its assets are spit out, and the United States and the United States will completely control Binance.
Moreover, Mentougou has continued to smash the market recently!
on the disk
Several recent K lines have shown obvious signs of correction, especially the closing price of the K line at 16:00 on August 21 was lower than the opening price, forming a negative line.
Technical indicators:
MACD: DIF and DEA are gradually approaching and have a dead cross trend. The MACD histogram has turned from positive to negative, indicating that there may be further adjustment pressure in the short term.
RSI: The RSI has fallen back from the overbought zone (above 70) and is currently at 53.8, close to the neutral zone, but there is still a risk of continued decline.
EMA: The current price is below EMA7 (561.3), but higher than EMA30 (547.8) and EMA120 (534.7). The short-term moving average crosses the long-term moving average downward, with the potential to form a "death cross".
Volume:
The significant increase in trading volume between August 20 and August 21, especially when prices fluctuated significantly, indicates that market sentiment is relatively intense. The trading volume at 16:00 on August 21st decreased compared with before, indicating that the market's wait-and-see sentiment has increased.
Choose to go short: the stopping point can be placed near 585. Prevent further price rise after breaking through 580)
No need to take profit
The current bull market is turbulent, and we have the opportunity to share passwords every day.
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