This is what Binance Coin (BNBUSDT) looks like on the weekly timeframe... Absolutely terrible.
➖ First, we have the full negation after the major fakeout move; this is a strong bearish signal in and of itself.
➖ Then, we have confirmation with the red candle that follows it (17-June).
➖ Last weeks candle closed green with a lower wick and looks like a recovery but...
➖ This week is now trading full red and almost below last week wicks low... This is the worst possible scenario when it comes to technical analysis based on candlestick reading.
This whole situation can result in a major crash.
The good news?
👉 After the initial, negative marketwide reaction, money flowing out of these big projects will flow to thousands of the smaller projects; an altcoins market boom!
Namaste.
➖ First, we have the full negation after the major fakeout move; this is a strong bearish signal in and of itself.
➖ Then, we have confirmation with the red candle that follows it (17-June).
➖ Last weeks candle closed green with a lower wick and looks like a recovery but...
➖ This week is now trading full red and almost below last week wicks low... This is the worst possible scenario when it comes to technical analysis based on candlestick reading.
This whole situation can result in a major crash.
The good news?
👉 After the initial, negative marketwide reaction, money flowing out of these big projects will flow to thousands of the smaller projects; an altcoins market boom!
Namaste.
Trade active
Epic crash incoming... I shared this one many, many times. This is the last reminder.
Wishing you good profits.
Also health and success.
We need health to enjoy the profits and success.
Thanks for reading.
Thank you for your support.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
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.