BNB a Ichimoku Cloud analysis!
Market Update:
Binance coin is one of the top performing coins during the 2018 bear market.
The coin was able to reach a new ATH by the end of June and is currently around it's January 2018 price.
- Takashi_trading.com signaled a sell/short signal by mid - august.
- BNB is currently trading under the Ichimoku cloud and the cloud changed from green to red which are bearish signals.
- Very strong support around 9895 sat based on the Ichimoku cloud. Resulting in a potential 35% drop.
The support is still (luckily) significantly below us currently. Although keep in mind the future ETF events by the end of September. This may be a negative catalyst for the entire market and could brings us to that support more quickly then (previously) expected.
Binance coin is one of the top performing coins during the 2018 bear market.
The coin was able to reach a new ATH by the end of June and is currently around it's January 2018 price.
- Takashi_trading.com signaled a sell/short signal by mid - august.
- BNB is currently trading under the Ichimoku cloud and the cloud changed from green to red which are bearish signals.
- Very strong support around 9895 sat based on the Ichimoku cloud. Resulting in a potential 35% drop.
The support is still (luckily) significantly below us currently. Although keep in mind the future ETF events by the end of September. This may be a negative catalyst for the entire market and could brings us to that support more quickly then (previously) expected.
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