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CryptoPivots
Sep 8, 2021 7:33 AM

BNB Critical point Short

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Good morning traders,

We can see that BNB forms a double top on the daily then falls dramatically. It then bounces back a little near 355.5 (0.618 fibo), however still closing below the uptrend trend line.

I believe 350-355 is a super critical region. If it proves to hold as Support we may see an uptrend continuation on the daily. If it does not hold then we can expect a new downtrend. For now I’m betting more on the downtrend possibility.
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