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BNBTUSD

BNB Market Cap Looks Ready to Fall From a $20 Billion CliffI have made a few bearish Charts about BNB in the past and this is just a small followup and reminder of what seems like the dump to come. BNB has broken below all major moving averages and has been rejected from the 200-week SMA and now, if we break below $30B in market cap there will be no support below until 10 Billion Dollars but it could go much lower than even that. I thought about plotting some things on the chart such as a Bearish flag or a Harmonic, but I think the plain and empty chart in this scenario speaks more to just how bad this looks than any pattern ever could. I will however provide a chart link below to the projection I plotted for BNB earlier on in the year:
CRYPTOCAP:BNBShort
by RizeSenpai
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Inner Circle BNB/TUSD #fibcircle #bnb #crypto #tusd $BNBBnb could be dropping down to support levels here . See our red candles now curving down along that blue fib circle line ? I expect that to continue . Also see that red arrow pointing down ? That shows our candles already wicking down into that green Ichimoku Cloud . We are almost certainly going to be crossing down through this cloud and closing underneath it at some point . There is a support level below us near $16 by that red dotted line . Below that is a .236 fibonacci level near $14 . If we dump below both of those it is very possible we revisit the $10 level again -perhaps even lower . See that red question mark ? That's sitting on the bottom edge of that purple Gann Fan line which we are also in right now . It's possible we touch down to this line at some point . How long will that take ? I have no idea . I'm sure there will be some up and down along the way but probably this will take months . Also notice this is the TUSD pair of BNB . That's True USD stablecoin on Binance . Apparently this is a stablecoin fully collateralized with multiple escrow accounts but I'm trying to limit my tether exposure to some extent when I can .
by shimmeringpath