BNB Chart Analysis
Context: BNB is the only crypto chart
which "only" dropped approx. 74% from its ATH in 2021...
The entire crypto space has been bleeding out, but BNB
has been hovering around up there.
Why should it drop down to $43.20?
Because the chart says so, that's all I care about.
What needs to happen for that drop? I don't know, but
I have a theory. Binance holds large sums of USDT.
USDT is not completely backed by USD 1:1.
Once that comes out, people will withdraw their money
out of USDT causing it to go down.
We are talking about billions of dollars.
Binance will go down with it.
The chart couldn't be more obvious.
which "only" dropped approx. 74% from its ATH in 2021...
The entire crypto space has been bleeding out, but BNB
has been hovering around up there.
Why should it drop down to $43.20?
Because the chart says so, that's all I care about.
What needs to happen for that drop? I don't know, but
I have a theory. Binance holds large sums of USDT.
USDT is not completely backed by USD 1:1.
Once that comes out, people will withdraw their money
out of USDT causing it to go down.
We are talking about billions of dollars.
Binance will go down with it.
The chart couldn't be more obvious.
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