BINANCE COIN PERSONAL ANALYSIS IN THE LONG TERM (SECOND TRY!?)

The total evaluation for the BNB coin is bearish. Please be mindful of the risks in each trade you do and consider your risk tolerance as well to avoid any sort of unnecessary repositioning or panic selling/buying. I see a big potential for BNB to break to the upside, embarrassingly enough the breakdown we just had days ago is still within the rising wedge for BNB but not with others, this means that BNB can still go form a higher-high and then dump. However, this higher high would more likely to be a fake-out and a desperate plea.

The NASDAQ and the SP500 was able to end the day with a bullish harami which is a very bullish indication of a reversal point, now we are currently building a healthy market structure based on RE-TEST instead of just dropping rapidly in one fell swoop.

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Order cancelled:

Already closed this long with breakeven SL. Invalidated pattern caused by a hawkish Jack Powell announcement.

Trade active:

Opened trade at 278$ BNB to take profit around 292$-302$.