Binance coin (BNB) to $40

Binance Coin / US Dollar (calculated by TradingView) BINANCE:BNBUSD

without_worries

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

8-day double top divergence

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