BNBUSD 50 % drop - Beware
Updated
BNBUSD got rejected at the strong resistance level. We expect it to have a short term bounce together with the whole market and if we retest the strong resistance level again, it will the most likely get rejected .
50 % drop coming. Beware
The problem is that it went very parabolic in the bull market and there´s no much support so if we break our support zone, we can go much lower.
If we have some heavy FUD related to Binance exchange, it may drop to 50 $ or a bit lower and it would be a a great opportunity to buy at those low prices. However, it´s not very likely in our opinion .
Good luck!
50 % drop coming. Beware
The problem is that it went very parabolic in the bull market and there´s no much support so if we break our support zone, we can go much lower.
If we have some heavy FUD related to Binance exchange, it may drop to 50 $ or a bit lower and it would be a a great opportunity to buy at those low prices. However, it´s not very likely in our opinion .
Good luck!
Note
The idea is still valid. If the market remains bearish , we expect the price to drop hardNote
So far Binance exchange looks way more ´solid´ than other crypto exchanges. However, if there´s a big FUD , most likely BNB will drop hard too.$130 is still very likely.
Note
Note
Today, on twitter we can observe increasing number of FUDs about BNB / Binance. The idea is still validTrade active
Long way to go for BNB. Be ready for more pain!Trade active
Strong resistance is still acting as a strong resistance. Maybe some new FUD about Binance soon?
Note
145 -120 $ is a buy area if we get thereNote
slow price action , but the chart looks more and more bearish . This idea is still valid
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