Technical analysis by khashayarjamshidi about Symbol BNB on 7/31/2022

Price is in correction phase of a mid-term downtrend. The specified target is very important, because it's the point that 50% retracement zone meets the EMA(200), it's a resistance level and also where the price hits the downtrend line. So, We have to wait for the price to react then decide the market direction and possible trade opportunities.The price is now reacting to the resistance level. We can expect a short-term to mid-term downtrend.