BNBUSDT: Buy Opportunity in the Bearish Market

The market made a good downward movement and reached the support at 14.00 level. We get a trend reversal signal based on a bullish divergence. I don't think that we will see a new uptrend soon, because we don't have fundamental reasons for this, but the correction movement looks logically. I'm talking about short and medium term upward movement against the main downtrend.

RSI confirms the bouncing from the support. MACD lines and histogram confirm the upward movement. These signals allow us to buy with stop-orders below 14.00 and profit targets at the nearest resistance levels and SMA with 100 and 200 periods.

If the price can pass the support zone and the local swing low, the market will continue the falling to the lower support zones. But for sellers, it will be better to push the market downward after the correction movement to 18.00 and 20.00 resistance.