BNB/USDT short term bearish
Updated
BNB/USDT
Analysis
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1- Bnb/usdt created triple tops which is bearish pattern
2- Also we can see 50 day EMA act as a support
Broke this support is a confirmation ..
which is likely Happen soon
3- around 24$ is 0.382 fibo support level ..can rebounce from here
4- Also bnb now is regected from upper line of ascending channel formation since last march drop
Look at channel in full picture :
From all data above we can expect next target for bnb is around 24$
** As long as price cant close by daily candel above 32$ this idea is active
Analysis
-------------------------------------------------
1- Bnb/usdt created triple tops which is bearish pattern
2- Also we can see 50 day EMA act as a support
Broke this support is a confirmation ..
which is likely Happen soon
3- around 24$ is 0.382 fibo support level ..can rebounce from here
4- Also bnb now is regected from upper line of ascending channel formation since last march drop
Look at channel in full picture :
From all data above we can expect next target for bnb is around 24$
** As long as price cant close by daily candel above 32$ this idea is active
Note
Amazing call here Bnb touched 25.749
10.22% without leverage
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