BNB is quite bullish coin i am planning to short it atm, and buy back large at throwback levels. (Pink Box)
We are seeing it is developing a bear diversion and it is facing resistance atm.
I have Closed my 7400 shorts. I am certainly bearish on whole, this is a short-term trade.
We have formed a falling wedge, had a tweezer bottom, Bullish divergence and we are way too oversold atm.
I see it back to 6500 levels
Buy zone 6050-6100
We fell sharply form 8400 to 5900 as etf was denied without any retracement.
Current bounce is just a relief rally not more than that.The most logical place to enter short is between 7300-7400.
7400 is supply zone
Multiple trend lines acting as resistance
0.382 fib level, this level is important resistance.
EOS has been moving sharply upward this rate of growth is not sustainable, we know most the pump is coming from Korea and its fishy. The rally can continue upto $20 -$21 levels and after that a retrace to $14 is expected.
Big selling is at $19.5 and $20 levels