BNB - BNBUSDT Bearish Short Term

12 lug 2022

Hi Traders, Investors and Speculators 📉📈

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.


A quick look at BNB / Binance coin / BNBUSDT for the short term. From the 3D timeframe, the technical indicators are showing bearish. Keep in mind that the noise/volatility on lower timeframes don't show up here, so it's not necessarily a straight line down. Pointed out is the closest support zone I'm considering.

In other cryptocurrency markets :

⁕ Ethereum ETH loses $1100 as it follows BTC down
⁕ Bitcoin loses $19500 , now faces 20k as resistance zone again
⁕ DOGEUSDT bearish immediate term
⁕ SHIBUSDT bearish immediate term

I expect this week to be a red week across the markets. Short term corrective buying pressure has mostly run out (dead cat bounces).

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