BNB In A Daily Uptrend Regaining Strength
The weekly chart is not yet in a confirmed downtrend and bulls can still turn it around. They are at least hoping to form a lower high and create an equilibrium pattern. The RSI has cooled off a little bit so there is some room for the upside. The weekly EMA's remain extremely bullish and we are now trading above the 12 EMA again. The volume has been a bit lower for the past weeks but this shouldn't be a concern considering the huge bull run BNB experienced. The monthly chart remains bullish and the monthly bull flag is still in play, however, the RSI is overextended. Looking at a shorter time frame, the 4-hour chart is also in a really healthy uptrend maintaining the RSI at around 50 points.
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