📈 Daily TA: Binance Coin (BNB/USD)

Hello, dear members of LeoFinance!

Today I want to comment on the price chart of Binance Coin.

In the daily chart (1D), BNB/USD continues to decline under the pressure from the resistance line: However, as can be seen from the chart, right now, the price is testing the support line coming from the Symmetrical Triangle from Feb-Mar 2021 for the third time. I am very curious about if the price will receive enough support to revert the price decline.

To be continued ...

As of the time of writing, one BNB costs $281.24 on the Binance crypto exchange, according to TradingView.

A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.

Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.

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📈 Daily TA: Binance Coin (BNB/USD) | 20-07-2021