✴️ Binance Coin: Bearish Signals

Hello my dear reader, we are doing candlestick reading now and we will focus mainly on recent price action.

I hope you are having a nice weekend.

Sometimes we focus on Elliott Wave Theory as the main system we use for charting/sharing. At times, we focus on the moving averages, oscillators and trend. At other times, we look at correlated markets and so on; when we combine all these signals, a clear picture shows up.

➖ Binance Coin (BNBUSDT) first bearish signal came in 16-March.
A very strong bearish candle showed up leading to four red days.

➖ A bounce led to a lower high 12-April.
This 12-April session is the second signal. This lower high is a Doji with a volume breakout.

➖ Today's session works as confirmation because now BNBUSDT is moving below EMA10. (Bearish continuation.)

Summed up:

👉 We have a strong drop that leads to a lower high and the continuation of the bearish move.

Namaste.