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RizeSenpai
Nov 12, 2022 6:00 AM

BNB Hidden Bearish Divergence as it Breaks Trend Short

Binance Chain Native Token / TetherKuCoin

Description

We have a Bearish Bump and Run Reversal Top that is Breaking Down on BNB as we show Hidden Bearish Divergence on the Weekly Timeframe . It should first come down to the 100% Retrace at $6.475 but if that doesn't hold don't be surprised to see it come down to the 1.618 Extension at $0.361

:This is an the same setup as the original chart just altered to fit a more stable exchange other than FTX since every asset on that exchange seems to be making strange moves that don't represent the actual market value of the coins elsewhere.

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BNB since i last looked at it has brokendown The Channels, The Bearflag and the POC and now looks even more Bearish than before.
Comments
ELLOFX
I'm sure it can get to $100
Raf1981
I agree it’s likely got more downside left, but would be shocked if it retraced lower than $180 range
Raf1981
You are anticipating BNB to retrace to $6.45???
RizeSenpai
@Raf1981, Yea at the very least it would be a full reset of the 2020 madness.
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