Welcome to this BNB update. As you know recently we have seen a lot of FUD against Binance. Nobody knows if these errors are true or not, but we try to understand the situation by reading the chart.
BNB is currently trading around the $245 level. works within onewithin the weekly timeframe. It has a very strong weekly support at the $210 level. If BNB breaks and closes below the $210 level, I wouldn’t see any decent support until $40 on this weekly chart.
So is it possible for BNB to turn into two digits? I don’t know yet but nothing is impossible in cryptography. We have witnessed many unexpected events this year such as FTX, 3AC, LUNA and many more. That’s why anything is possible. All we can do is stay awake and keep our capital.
Until BNB price settles above $210 it remains safe and it is a good buy area with a shooting stop below $200.
Let’s see how next year comes to us. Hope for the best.
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BNBUSDT by CoreCrypto1
– Technical analysis – 2022-12-24 21:10:20 – coinphone [SV]