BNB - Binance and the judicial investigation in France
Binance (BNB) is facing fundamental difficulties regarding cryptocurrencies in France. The following became clear today:
Overall this is a negative fundamental backdrop, but there is a but. If other countries start to get involved in this situation, and Europe is still distrustful of cryptocurrencies, this fact could be blown to a bigger elephant.
Scenario: The price broke the support of the uptrend earlier, which in general is a signal of readiness to decline. We are waiting for the price to consolidate below the trend line, and the level of 670.00 can be considered as support for a breakdown.
In this case, if 670.0 is broken, the market will open the way to 622 - 547.
French investigators have opened a judicial investigation into money laundering, tax fraud, illegal drug trafficking and other charges against the binance exchange - RTRS
Overall this is a negative fundamental backdrop, but there is a but. If other countries start to get involved in this situation, and Europe is still distrustful of cryptocurrencies, this fact could be blown to a bigger elephant.
Scenario: The price broke the support of the uptrend earlier, which in general is a signal of readiness to decline. We are waiting for the price to consolidate below the trend line, and the level of 670.00 can be considered as support for a breakdown.
In this case, if 670.0 is broken, the market will open the way to 622 - 547.
Trade fermée: cible de profit atteinte
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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.