What would you do if you were able to predict the future? Would you share your knowledge with others or would you keep it to yourself?
If you knew ahead of time the exact price at which Binance Coin (or Bitcoin) would trade in the coming weeks, would you share this information with others or would you keep it to yourself?
I am definitely sharing... I am 100% positive, certain, that Binance Coin, Bitcoin, Ethereum, and the rest of the Cryptocurrency market is set to crash.
Before we reach the 300USD target for BNBUSDT, there is a medium level in-between but we are not going to be paying any attention to that. It seems the bearish impulse will have maximum force. The whales are set to take profits and since people are highly complacent, there is no need to play around so straight down, fast down and down we go.
Binance Coin Technical Analysis
Trading volume makes everything clear. The biggest bar came in April 2024 and closed red. This signals that the bears are now watching the chart. Trading volume decreases after this day but always leaning toward the bears.
The main signal is the failed bullish breakout. We had a strong uptrend that ended mid-March 2024. After some months of consolidation there was an attempt to produce higher prices but a negation quickly followed. This event was not the resumption of the bullish wave that met dismal end, no; instead, this was a clear bull-trap. This move was produced by professional traders as a bull-trap... And many bulls got trapped. Lots of liquidations as well.
While this move produced its intended purpose, the downside is that it reveals clearly that the uptrend is over. Now we know for a fact that a crash follows next. This crash will lead to a price tag of $300 USD per BNB, knowing this, how will you proceed?
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