BNB ON DISCOUNT SOON!!! ASC. CHANNEL & BEARISH DIVERGENCE on 1H

Namaste everyone.

I will keep this "short" :-)

As you can see on BNBEUR 1H BINANCE a bearish divergence has formed with an ascending channel.

Great opportunity for shorting or buying on discount!

Wait for confirmation - close below the channel and quite possibly a retest to it before heading lower.

Green dashed lines are possible buy levels.

As always this is NOT a trading or financial advice in any way.
This is simply my observation on this market.

Please do you own due diligence before investing any real capital.

Have a great one.

Kommentera:

As you can see in the chart below, a H&S is also starting to form.

So we have the RSI bearish divergence, the ascending channel AND a H&S formation.

Just my observations.

That's all.

Kommentera:

Candles H&S pattern completed too and price is headed down.

If you take a close look you will a H&S formation on the RSI as well which has also completed:

Kommentera:

Closer look a the RSI:

Order avbruten:

BNB is showing some interesting patterns:

And while BNB did drop in price, unfortunately it not drop as low as I was expecting it will.

Order cancelled.