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.
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I would seriously panic if BNB makes a daily close around 250.
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This trendline is highly respected. Losing that will be disastrous as it will also mean the neckline is lost.
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And here is the first disaster target:
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So basically:
250 lost -> go to 190
190 lost -> go to 100
250 lost -> go to 190
190 lost -> go to 100
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I really wonder where it's gonna close today or let's say this week.
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Daily close. It's on the edge and dangerous.
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*scared face emoji*
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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.
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How can I believe this is not a redistribution?
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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.
People realized they can't trust these unregulated CEX's. Binance might not collapse but I think it will shrink down at least.
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Consolidation below 260 = better chance to break 190
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ltf tight stop loss trade idea. anything below 275 is considered correction / bearish consolidation.
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Everything is fine, until it isn't.
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