Yes, the title is a bit of clickbait, but this is a very valid setup and looking at the weekly chart, there's not a lot of great things to say about BNB.
I am bearish on BNB even though I think it can gain about $20-$25 from where we are today. After that, I'm looking for a $100+ drop. The BTC pair (not shown here) has significant bearish divergence as well.
Be careful being too bullish on Binance right now. The exchange is fine (for now - as far as we know), but their exchange coin can see a mass collapse with only one or two bad headlines, even if they may not be true.
I am bearish on BNB even though I think it can gain about $20-$25 from where we are today. After that, I'm looking for a $100+ drop. The BTC pair (not shown here) has significant bearish divergence as well.
Be careful being too bullish on Binance right now. The exchange is fine (for now - as far as we know), but their exchange coin can see a mass collapse with only one or two bad headlines, even if they may not be true.