$BNB has formed a bearish divergence on the 6H timeframe, which is one of the common reversal signals.
But it’s not 100% confirmed yet.
Last time we saw a similar setup, BNB went sideways, cooled off the RSI, and then pushed higher. So we could see the same thing happen again.
The 50 MA is the key level to watch. If price starts moving sideways or declining and eventually breaks below the 50 MA, that would give much stronger confirmation for the bearish divergence.
Also, the liquidation heatmap shows a huge amount of liquidity around $600–$590, which could act like a magnet if the correction Share your views. this divergence could finally play out this time, but I’d wait for confirmation rather than jumping in early.
What do you think? 👀
Share your views.
#BNB #Altcoin Season# #BNBChain# $USDT
But it’s not 100% confirmed yet.
Last time we saw a similar setup, BNB went sideways, cooled off the RSI, and then pushed higher. So we could see the same thing happen again.
The 50 MA is the key level to watch. If price starts moving sideways or declining and eventually breaks below the 50 MA, that would give much stronger confirmation for the bearish divergence.
Also, the liquidation heatmap shows a huge amount of liquidity around $600–$590, which could act like a magnet if the correction Share your views. this divergence could finally play out this time, but I’d wait for confirmation rather than jumping in early.
What do you think? 👀
Share your views.
#BNB #Altcoin Season# #BNBChain# $USDT
