#Binance and @cz_binance are trying with all their might to stop it, as they know it will turn into a waterfall, if #BNB fails to hold $200-$220 support.
$BNB as of now $235
#Ethereum (monthly candlesticks)
The $1893 level stands out as a solid resistance.
The $1400 level is the last stronghold of the bulls.
Painful days in crypto !
In #crypto, almost everyone is wondering whether the charges brought against Binance and CZ by the SEC are only a temprorary fud or will turn into a devastating storm.
My monthly #Bitcoin chart shows, price rejecting at $31K with VWMA(20) as resistance.
$20K will be critical.
Let's take a look at what's going on in #Crypto#Total
Moving in channel with the upper band of $1.25T and the lower band of $670B.
Holding on to $1,057T and trend support.
I foresee to break the support and move to the lower band of the channel. This means a 40% drop.
Let's try to analyze #Bitcoin's price through a correlation with #USDT dominance.
So the chart is #USDT.D / #BTC.D in weekly period.
A bit complex but clear. Try to understand the point.
Line in black is MA20
#AVAX is one of the major coins in crypto and gave an important signal about the direction of the market.
It closed below the ascending channel for the first time in its history at weekly close.
Watch carefully for the next couple of weeks.
#Bitcoin shifted from left lane to right lane on the highway
Since the "sharp" upward momentum that has been going on since 2013 no longer has a sustainable side, it became necessary to slow down.