BNBUSDT Perpetual Contract
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Binance Coin (BNB): Possible Crash of BNB/USDT

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Binance coin is back inside that tight triangle formation after forming a fake breakout attempt on the upper zones.

As we are back at the formation, we are now looking at both 100 and 200 EMAs, which are the next zones that will be re-tested.

As soon as we break down from the formation, we might enter a freefall zone!

Swallow Team
Anmerkung
Snapshot
After a nice fakeout, BNB has been showing some pressure to lower zones, breaking the trend, and now breaking also that 100EMA.

We are pretty optimistic to see further moves here so eyes open!
Anmerkung
Snapshot
BNB made a nice attempt but failed to successfully break that trend line, where the price has now bounced off.

We are now looking for a new daily candle, which is looking slightly bullish but we are not so optimistic about the candle's closing price.

We will be looking for another attempt to break that trend!

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