BNB 12h Can fall up to $30

Jan 12, 2021

Two weeks have passed since the previous BNBUSDT idea was published.
The idea has clearly worked out the target of $44, which means it's time to refresh our thoughts.

The fact that the level $44 was correctly calculated is indicated by 3 false breakouts, three shadows which are above the level where sellers were successfully selling and all candles closed below the level $44.

The previous 12h candle closed with a pinbar, and this is a signal for a possible upward rebound.
If the corrective growth is not higher than $42-42.80, this means that the situation is completely under the control of sellers.
The consequence of such control of sellers in the BNBUSDT pair may be the price fall to at least $31.

The strong liquidity of buyers is accumulated in the zone $28.50 - 29.50, so we doubt that this zone will break down the first time.
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