Now let's forget how great or bad Binance is and have a look at BNB chart.
Basically it has a chance for an accumulation range here. It has to hold the neckline.
Overall I am neutral about this chart right now.
Basically it has a chance for an accumulation range here. It has to hold the neckline.
Overall I am neutral about this chart right now.
Note
I would seriously panic if BNB makes a daily close around 250.Note
This trendline is highly respected. Losing that will be disastrous as it will also mean the neckline is lost.Note
And here is the first disaster target:Note
So basically:250 lost -> go to 190
190 lost -> go to 100
Note
I really wonder where it's gonna close today or let's say this week.Note
Daily close. It's on the edge and dangerous.Note
*scared face emoji*Note
There is no V type recovery from this. I don't like to talk big about trading but I don't feel good about BNB. I think we have to see the reaction to 190-200.Note
How can I believe this is not a redistribution?Note
BNB is like Sam's SOL. He is bragging about the utility of BNB but the chart doesn't represent an organic growth. It represents a macro weakness.People realized they can't trust these unregulated CEX's. Binance might not collapse but I think it will shrink down at least.
Note
Consolidation below 260 = better chance to break 190Note
ltf tight stop loss trade idea. anything below 275 is considered correction / bearish consolidation.Note
Everything is fine, until it isn't.Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.