Head and shoulder like pattern indicates reversal in bullish momentum vs. ETH on the daily chart.
BNB have also now pierced below the thick orange 200 SMA.
First target is at the 61.8% Fib retracement level.
Measured move is below the 78.6% Fib retracement level.
BNB have also now pierced below the thick orange 200 SMA.
First target is at the 61.8% Fib retracement level.
Measured move is below the 78.6% Fib retracement level.
The thin-red line is the 21 EMA, presently at ca. 0.1945, continuation downwards to the first target highlighted (ca. 61.8% lvl) before dumping down further towards the measured targeted is expected if this fails to hold.