BNBUSDT: Bearish Signals in the Bullish Market
The market gave us a bearish candle, which belongs to a reversal group of candlestick patterns. RSI confirmed the price reversal in the overbought zone. MACD histogram supported the price reversal as well.
We have bearish signals in the market, which looks overbought. What does it mean? It means that a pullback to SMA100, SMA200, and key support zones will be logical in the whole bullish structure. The market will confirm the downward movement if the price drops below 25.00 support and the low price of the signal bearish candle.
Of course, if Bitcoin continues the upward movement, this market will follow it.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
We have bearish signals in the market, which looks overbought. What does it mean? It means that a pullback to SMA100, SMA200, and key support zones will be logical in the whole bullish structure. The market will confirm the downward movement if the price drops below 25.00 support and the low price of the signal bearish candle.
Of course, if Bitcoin continues the upward movement, this market will follow it.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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