Sashmajik

BNB seems like it has double topped on the 1D chard

Short
BINANCE:BNBUSDT   Binance Coin / TetherUS
BNB seems like it has double topped on the 1D chard. The support level if broken around the $15.00 USDt would signal a further down trend for BNB. Potential fall to $12.9 USDt which also co-insides with the 38.2% fib level. RSI on the down trend with MACD below 0 and on the downside.
If this plays out, BNB being one of the ‘canaries in the coal mine’ will signal a medium term monthly bearish trend. The irony of this, is that the best place to short BNB is on Binance.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.