without_worries

Binance coin (BNB) to $40

Короткая
without_worries Обновлено   
BINANCE:BNBUSD   Binance Coin
On the 2-day chart above price action has increased over 3500% since the 2-day life cross in September 2020. A number of reasons now exist to be bearish, including:

1) The ‘incredible sell’ signal.

2) 2-day Death cross

3) Broken market structure.

4) Double top bearish divergence (8-day chart below)

5) A significant majority of ideas on tradingivew are long.

Is it possible price action rises further? Sure.

Is it probable? No.

A short from $340 is excellent.
Target $40

Ww


8-day double top divergence
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Over the weekend Binance sent out an e-mail to reassure customers of their reserve status, which included the following sentence:

“This week, our Security team topped up our Binance SAFU Insurance fund to $1 Billion, consisting of BNB, BUSD and BTC.”

BNB???! Haven’t the learned from FTT token, it is not money. Purchase WW token, worth $500. Trust me ;-)

The BNB weekly chart at this moment is printing multiple bearish divergencies. The fund is going to need topping up again and soon.

BNB weekly


FTT token weekly
Комментарий:
If you've got funds on Binance... well you were warned.

I did an experiment over the weekend and the results are fascinating.

www.patreon.com...inance-74699726?utm_medium...
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Weekly death cross confirmed.
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Down 30% so far. $130 is the next test.
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Binance token confirms resistance as price action exits the bear flag. A correction to under $100 and beyond should now be expected.

2-week

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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