BNB is overbought and is weak. Double top is definitely not a good sign.
On weekly it is facing huge resistance and is about to close red.
I don't think it will be able to break current resistance without proper correction.
I expect it to start its correction and slowly going towards $415 support and after bounce back, completing 'M' pattern, there's a door open down to $150. I think there will be some resistance which can hold BNB.
Time will show, there's still possibility to go lower, but I don't want to consider it at the moment. I will do another analysis when BNB reaches $150.
#bearparadise
On weekly it is facing huge resistance and is about to close red.
I don't think it will be able to break current resistance without proper correction.
I expect it to start its correction and slowly going towards $415 support and after bounce back, completing 'M' pattern, there's a door open down to $150. I think there will be some resistance which can hold BNB.
Time will show, there's still possibility to go lower, but I don't want to consider it at the moment. I will do another analysis when BNB reaches $150.
#bearparadise