BNBUSDT: Bearish Divergence, Short Opportunity to Under $200?
Updated
Hello Fellow Cryptocurrency Investor/Trader, Here's a Technical outlook on BNBUSDT!
Technical Analysis
BNBUSDT Formed a Complex Double Top Pattern with Bearish Divergence on the MACD Indicator. We will for the breakout of The Complex Double Top Neckline. The breakout indicates a possible downward movement to the target area.
Fundamental Drive
Distressed Cryptocurrency Exchange Filed for Chapter 11 Bankruptcy.
The Complete Explanation is presented in the picture.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BNBUSDT"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
Technical Analysis
BNBUSDT Formed a Complex Double Top Pattern with Bearish Divergence on the MACD Indicator. We will for the breakout of The Complex Double Top Neckline. The breakout indicates a possible downward movement to the target area.
Fundamental Drive
Distressed Cryptocurrency Exchange Filed for Chapter 11 Bankruptcy.
The Complete Explanation is presented in the picture.
The roadmap will be invalid after reaching the target/resistance area.
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BNBUSDT"
Support the channel by giving us a thumbs up and sharing your opinions in the comment below!
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