BNB -coffee to expensive! Are we gonna stay in the restaurant?
Hey guys, as you might remember, BNB had build this beautiful cup & handle on the Daily, without follow through.
=> Right now we're again at a crucial previous resistance level at $14, where we'd previously been building an ascending triangle for quite some time.
We're clearly underneath the 12 & 26 EMA, and the chart looks very bear flaggy: After the huge dump from $17, we still cannot bring up enough appetite to buy sth. for $14! ;)
So beware, especially bulls: A definitive bear-break of this range could signal some pretty heavy downside potential. We're still grinding on the 12 EMA on the weekly, but this could be lost. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
=> Right now we're again at a crucial previous resistance level at $14, where we'd previously been building an ascending triangle for quite some time.
We're clearly underneath the 12 & 26 EMA, and the chart looks very bear flaggy: After the huge dump from $17, we still cannot bring up enough appetite to buy sth. for $14! ;)
So beware, especially bulls: A definitive bear-break of this range could signal some pretty heavy downside potential. We're still grinding on the 12 EMA on the weekly, but this could be lost. => I will be talking about this in today's episode of the 'Crypto Chart Analysis', make sure to watch it! ;)
If you had some value from my analysis, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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