$BNB check-in on my Nov 8 call. I said a daily close under $680 would mean a quick slide, and I'd lean bullish while $690 holds.
What happened: Sunday closed near $685, so $690 slipped but $680 held on the close. Today's wick went to about $673 on Binance, then buyers pulled it back to around $690. Fear & Greed is still 29 and CPI lands tomorrow.
So the honest read is that my bullish lean got weaker, but the call isn't broken yet. I care about closes, not wicks.
Through Fri Nov 13: a daily close under $680 means I was wrong, since that level has held on every close since Oct 29. Holding $680 and getting back above $700 keeps the move toward the $723 breakout line in play, and a daily close above $723 still targets $745 to $760.
Neutral to slightly bullish, nothing more until CPI.
#BNB #BNBChain #CPI #PriceAnalysis
Not financial advice.
What happened: Sunday closed near $685, so $690 slipped but $680 held on the close. Today's wick went to about $673 on Binance, then buyers pulled it back to around $690. Fear & Greed is still 29 and CPI lands tomorrow.
So the honest read is that my bullish lean got weaker, but the call isn't broken yet. I care about closes, not wicks.
Through Fri Nov 13: a daily close under $680 means I was wrong, since that level has held on every close since Oct 29. Holding $680 and getting back above $700 keeps the move toward the $723 breakout line in play, and a daily close above $723 still targets $745 to $760.
Neutral to slightly bullish, nothing more until CPI.
#BNB #BNBChain #CPI #PriceAnalysis
Not financial advice.
