• The bulls remained in control of the long-term outlook.
• $45.00 in the supply area is on the card.
BNB/USD Long-term Trend: Bullish
Supply zone: $60.00, $80.00, 100.00
Demand zone: $10.00, $8.00, $6.00
BNBUSD continues in a bullish trend in the long-term outlook. The coin was up at $43.15 in the supply area as the week began before the rest the trendline as predicted. The bears’ pressure pushed price down to $39.99 at the trendline on 26th June while price shot up back up to $42.19 in the supply.
$27.06 in the demand area was the low of the week attained on 27th June with the daily candle closing as a bearish spinning top but the bears could not push further down.
Price is above the 50-EMA while the signal of the stochastic oscillator is undefined at 43% suggesting a sideways market before bullish continuation in the long-term in days ahead.
A retest of the previous high of 22nd June at $43.19 in the supply area may occur as the bulls’ pressure becomes much stronger and more candles opened and closed above the two EMAs
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