BNB is overbought and is weak. Double top is definitely not a good sign.
On weekly it is facing huge resistance and is about to close red.
I don't think it will be able to break current resistance without proper correction.
I expect it to start its correction and slowly going towards $415 support and after bounce back, completing 'M' pattern, there's a door open down to $150. I think there will be some resistance which can hold BNB.
Time will show, there's still possibility to go lower, but I don't want to consider it at the moment. I will do another analysis when BNB reaches $150.
#bearparadise
On weekly it is facing huge resistance and is about to close red.
I don't think it will be able to break current resistance without proper correction.
I expect it to start its correction and slowly going towards $415 support and after bounce back, completing 'M' pattern, there's a door open down to $150. I think there will be some resistance which can hold BNB.
Time will show, there's still possibility to go lower, but I don't want to consider it at the moment. I will do another analysis when BNB reaches $150.
#bearparadise
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.