Binance coin (BNB) to $40
Binance Coin / US Dollar (calculated by TradingView) BINANCE:BNBUSD
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
