• The bullish continuation in the long-term outlook.
• Minor drawdown before the bulls target of $48.00 in the supply area may be attained.

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 predicted target at $38.64 in the supply area was attained on 21st June and pushed higher to $39.99 in the supply area.

Increased bullish momentum led to further increase of the coin to $43.28 as the high of the week with the candle closing as bearish spinning top an indication of trend reversal and the bears staging a comeback.

The week is already begun on a bearish note with $38.02 as the opening price and BNBUSD down to $35.46 in the demand area. A break of the 10-EMA and a drop to the trendline probable before the bounce by the bulls as they stage a strong comeback in the long-term.

The stochastic oscillator signal points down at 69% an indication of the drawdown by the bears but the bulls return may push BNBUSD up to $38.64 in the supply area.

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