$BNX

1. Trend Analysis: The price is currently in a downtrend, indicated by lower highs and lower lows. The moving averages (EMA 9, 21, and 50) are aligned bearishly (EMA 9 below EMA 21 and EMA 50).

2. MACD: The MACD histogram shows signs of flattening, suggesting weakening bearish momentum. A bullish crossover (where the MACD line crosses above the signal line) could indicate a potential reversal to the upside.

3. Support Level: The recent low at $0.4850 acts as a key support level. If the price holds this level and forms a higher low, it could indicate a reversal.

4. Reversal Signs:

• Look for a bullish engulfing candle or other bullish candlestick patterns near the support level.

• Watch for the price breaking above the EMA lines, particularly the EMA 9 and EMA 21.

• Monitor for a MACD bullish crossover.

In summary, for a bullish reversal to be confirmed:

• The price must break above key resistance levels (e.g., EMA 9/21) with increased volume.

• MACD must show a clear bullish crossover.

• A higher low should form, followed by a breakout above recent highs (around $0.5474).

Without these confirmations, the trend remains bearish.