BNBUSD got rejected at the strong resistance level. We expect it to have a short term bounce together with the whole market and if we retest the strong resistance level again, it will the most likely get rejected .
50 % drop coming. Beware
The problem is that it went very parabolic in the bull market and there´s no much support so if we break our support zone, we can go much lower.
If we have some heavy FUD related to Binance exchange, it may drop to 50 $ or a bit lower and it would be a a great opportunity to buy at those low prices. However, it´s not very likely in our opinion .
Good luck!
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The idea is still valid. If the market remains bearish , we expect the price to drop hard
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So far Binance exchange looks way more ´solid´ than other crypto exchanges. However, if there´s a big FUD , most likely BNB will drop hard too. $130 is still very likely.
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Today, on twitter we can observe increasing number of FUDs about BNB / Binance. The idea is still valid
トレード稼働中
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Long way to go for BNB. Be ready for more pain!
トレード稼働中
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Strong resistance is still acting as a strong resistance. Maybe some new FUD about Binance soon?
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145 -120 $ is a buy area if we get there
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slow price action , but the chart looks more and more bearish . This idea is still valid
Insightful analysis accompanied by well-annotated charts for better understanding!
kenneths
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that last parabolic pump certainly does pose some risk for lack of support but due to the strong support throughout the bear market holding even throughout all the Binance FUD, BNB ain't going down 50%. It would literally need to be an identical FTX scenario to make a 50% correction occur- not even doushbag Kevin O leary could effect price. bnb to 700 soon (months from now, sure, but it's coming).