A bearish case for BNBWe see a greater downside potential on BNB than in BTC.
BNB has fallen less from its ATH.
BNB has extremely less volume to sustain its current price levels
BNB has to fall twice the same percentage (square of the fall) approximately in order to match corresponding level of BTC in the chart
BNB has way less demand (thus, price support) than BTC
Hence, it looks to us that the eventual payoff of a BNB short is bigger than a corresponding BTC short.
Best regards.
BNB-BTC
BNB leads BTC. BNB to $50, BTC to $10khi there, dear fellows.
with all the subjectivity that channel drawing has, we've identified a downward channel in BNB.
it anchors in the top candle on Nov 8th, and bases itself on the bottom of the 2 legs down that followed it.
that showed us we've just tested its top last week, and now we're moving down to its bottom, most likely at $50 on late October.
BNB has usually lead the moves BTC did, thus applying the same rules to BTC we've get the following,
we've just tested the mid-channel
we're moving on to test the bottom
we're likely to reach it on late September in the range 9k, 10k.
thank you.
best regards.