The bulls sustained momentum in the long-term outlook.
$40.00 in the supply area is on the card.

BNB/USD Long-term Trend: Bullish

Supply zone: $50.00, $70.00, 90.00
Demand zone: $10.00, $8.00, $6.00

BNBUSD is in a bullish trend in the long-term outlook. The bears' pressure was lost onn9th June at $29.51 with the rejection of further downward movement as indicated by the wick. BNB rose initially to $35.62 breaking the 10-EMA and later to $37.44 in the supply area on 14th June. This was the high of the week, before the drop to $28.97 in the demand area, the low of the week.

The bulls remained in control of the market as the week ended with a bullish inverted hammer after a push up to $35.11 in the supply area.

With price already up at $35.18 as the new week began, a close above yesterday will confirm the bulls dominance in the long-term.

Minor drawdown may occur to the 50-EMA which is around the 50.0 fibs area due to the signal of the stochastic pointing down at 51% before the bulls stage a return and go for a retest of the high of 26th May when the cryptocurrency was at $38.64 in the supply area.

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