Rise

Coin

<ul class="news-points"> 
 <li><strong>A popular trader and analyst shared that he is bearish towards Binance Coin (BNB).</strong></li> 
 <li><strong>According to the analyst, the native token of the Binance ecosystem could drop to $40-45.</strong></li> 
 <li><strong>From a shorter-term perspective, a noteworthy bullish flag was on the verge of being triggered on BNB’s daily chart.</strong></li> 
</ul> 
<p>The cryptocurrency trader and analyst that goes by the X username il Capo Of Crypto revealed in a post yesterday that he is bearish towards <a href="https://coinedition.com/tag/binance-coin-bnb/">Binance Coin (BNB)</a>. According to the post, many indicators such as “PA, heatmaps, IO and fundings are similar to FTT or LUNA before the crash.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BNB</a><br><br>I have been posting updates on Telegram all year. Every addition to the short position, the reasons why…<br><br>PA, heatmaps, OI and fundings very similar to <a href="https://twitter.com/search?q=%24FTT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$FTT</a> or <a href="https://twitter.com/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$LUNA</a> before the crash.<br><br>The main move hasn't happened yet.<br><br>Current avg. entry = $301 <a href="https://t.co/qzp6OEoVnf" target="_blank" rel="nofollow">https://t.co/qzp6OEoVnf</a> <a href="https://t.co/cK1HfuUFa0" target="_blank" rel="nofollow">pic.twitter.com/cK1HfuUFa0</a></p>— il Capo Of Crypto (@CryptoCapo_) <a href="https://twitter.com/CryptoCapo_/status/1731357564997103932?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 3, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In a post last year, the analyst revealed that his target for the native token of the Binance ecosystem is between $40-45. He has been consistently adding to his short position since then as part of a swing strategy with low leverage.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Adding…</p>
  </blockquote>
 </div>
</figure>
<p>The post <a href="https://coinedition.com/bnb-continues-to-rise-while-analyst-shares-his-bearish-outlook/">BNB Continues to Rise While Analyst Shares His Bearish Outlook</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BNB Continues to Rise While Analyst Shares His Bearish Outlook

Coin Edition

Other articles published on Dec 4, 2023

Dollar Rebounds as Bitcoin Surges Past $42,000 Amid Rate Cut Speculations!

Digital Ruble Will Spark Russia’s ‘Biggest Monetary Reforms Since the 1990s’

Binance’s New CEO Richard Teng Charts a Regulatory Course for the Exchange’s Future

Why Ethereum (ETH) Above $2,000 Could Represent a Prime Buying Opportunity: Analyst Explains the ...

NFT Wash Trading: Unraveling the Intricacies and Impacts in the Crypto Space

DOGE Eyes $0.099 As It Breaks Out Of Strong Bearish Pattern

Join our free newsletter for daily crypto updates!