$BNB
Trade setup: Price is in an Uptrend on a long-term basis, trading above 200-day moving average even during the market downturn. It's also made a Higher High, which is also a sign of uptrend. Pullback near 200-day moving average and $500 support zone is a swing trade entry opportunity with upside back to $637. Stop Loss at $490. (set a price alert).
Pattern: Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).
Trend: Short-term trend is Strong Down, Medium-term trend is Up and Long-term trend is Neutral.
Momentum: Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $500.00, then $450.00. Nearest Resistance Zone is $550.00, then $637.00.
