Falling least on a red board is usually the thing I trust least.
$BNB is down 1.9% against $BTC's 4.7%, ETH's 6.2% and XRP's 9.4%. Falling least is the story, and the problem: I found no BNB-specific catalyst today.
What it does have is a shelf. $680 has been tested four times in a week — $680.00, $682.16, $680.74, $683.94 on Thursday — and held every time. Thursday's flush candle printed $45 million, and the day still closed at $689.72. Nov 4 did the same: $680.74 tested, $719.99 close.
The counterweight: ZEC printed green on a real event, its NU7 upgrade, while BNB just fell least. Strength without a catalyst is fragile. Next test: CPI, Tuesday Nov 10 — the Fed's last inflation read before Dec 9.
My floor is $680 and $722 is the ceiling until a 4-hour close takes it. A daily close under $680 breaks the story.
If $680 holds into Tuesday, is that strength — or a shelf waiting for a reason to break?
NFA, DYOR.
$BNB $BTC #BNB #Binance #CryptoTrading #SupportResistance
$BNB is down 1.9% against $BTC's 4.7%, ETH's 6.2% and XRP's 9.4%. Falling least is the story, and the problem: I found no BNB-specific catalyst today.
What it does have is a shelf. $680 has been tested four times in a week — $680.00, $682.16, $680.74, $683.94 on Thursday — and held every time. Thursday's flush candle printed $45 million, and the day still closed at $689.72. Nov 4 did the same: $680.74 tested, $719.99 close.
The counterweight: ZEC printed green on a real event, its NU7 upgrade, while BNB just fell least. Strength without a catalyst is fragile. Next test: CPI, Tuesday Nov 10 — the Fed's last inflation read before Dec 9.
My floor is $680 and $722 is the ceiling until a 4-hour close takes it. A daily close under $680 breaks the story.
If $680 holds into Tuesday, is that strength — or a shelf waiting for a reason to break?
NFA, DYOR.
$BNB $BTC #BNB #Binance #CryptoTrading #SupportResistance
