BNB time to global correction. $150 is real
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
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.