Inner Circle BNB/TUSD #fibcircle #bnb #crypto #tusd $BNB
Bnb could be dropping down to support levels here . See our red candles now curving down along that blue fib circle line ? I expect that to continue . Also see that red arrow pointing down ? That shows our candles already wicking down into that green Ichimoku Cloud . We are almost certainly going to be crossing down through this cloud and closing underneath it at some point . There is a support level below us near $16 by that red dotted line . Below that is a .236 fibonacci level near $14 . If we dump below both of those it is very possible we revisit the $10 level again -perhaps even lower . See that red question mark ? That's sitting on the bottom edge of that purple Gann Fan line which we are also in right now . It's possible we touch down to this line at some point . How long will that take ? I have no idea . I'm sure there will be some up and down along the way but probably this will take months . Also notice this is the TUSD pair of BNB . That's True USD stablecoin on Binance . Apparently this is a stablecoin fully collateralized with multiple escrow accounts but I'm trying to limit my tether exposure to some extent when I can .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.