The real question now:
Are we in a healthy correction of a bullish cycle...
or at the beginning of a macro distribution structure?
Post
Alidou Aboubacar
·
--
Bearish$BNB under $300 soon ???
We are currently in a very violent Drop as all areas have been broken
The 0.5 Fibonacci zone, which was supposed to be the retracement zone for our bullish rally, has been broken
We have entered the red zone which represents a key level zone where the market left to create our ATH; this zone is our last area that can hold the price above $500 and $400
In this zone, we have the 0.7 zone which represents a very important psychological area
The scenario is as follows: we break the red zone and the 0.7 Fibonacci zone and come to seek the MA 200 which represents a good support and has been a buying zone for many people
So we come to seek the MA 200 and then return to seek the STG and we go down to look for the area of $260 and $200
All of this is on a weekly basis and what do you see on BNB ??? Let me know in the comments
$BNB
{future}(BNBUSDT)
We are currently in a very violent Drop as all areas have been broken
The 0.5 Fibonacci zone, which was supposed to be the retracement zone for our bullish rally, has been broken
We have entered the red zone which represents a key level zone where the market left to create our ATH; this zone is our last area that can hold the price above $500 and $400
In this zone, we have the 0.7 zone which represents a very important psychological area
The scenario is as follows: we break the red zone and the 0.7 Fibonacci zone and come to seek the MA 200 which represents a good support and has been a buying zone for many people
So we come to seek the MA 200 and then return to seek the STG and we go down to look for the area of $260 and $200
All of this is on a weekly basis and what do you see on BNB ??? Let me know in the comments
$BNB
{future}(BNBUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.