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Technical analysis by kingoftrades88 about Symbol BNB: Sell recommendation (9/30/2023)

https://sahmeto.com/message/242968
Sell،Technical،kingoftrades88

Context: BNB is the only crypto chartwhich "only" dropped approx. 74% from its ATH in 2021...The entire crypto space has been bleeding out, but BNBhas been hovering around up there.Why should it drop down to $43.20? Because the chart says so, that's all I care about.What needs to happen for that drop? I don't know, butI have a theory. Binance holds large sums of USDT.USDT is not completely backed by USD 1:1.Once that comes out, people will withdraw their moneyout of USDT causing it to go down.We are talking about billions of dollars.Binance will go down with it.The chart couldn't be more obvious.

Translated from: English
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Signal Type: Sell
Time Frame:
1 month
Price at Publish Time:
$214.88
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