SR618

BNB double top

Short
BINANCE:BNBUSD   Binance Coin
BNB been trending in an upward channel with bounces occurring when stochastic become oversold in conjunction with a fib entrancement. Could another bounce be about to occur? Bottom trend line could provide support, however, oscillator divergence and volume spike could suggest that there is more room to go down.

Real support is closer to $12.4 - $12.00. At this level have confluence of the 200ma / 0.38 fib entrancement.

Feedback always welcomed!

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