here bnb can have a bearish or bullish move according to the 4 hr timeframe as i see blue line is daily DAY
and green line is HOUR trendline bnb broke day trend line as i have posted already i have a short trade on bnb
and i also look for short time trade so i took this trade if bnb has a bearish candle in hr tend line it has a bear move
and break the trend line...
here market seems to be bearish as it breakdown support trend line in weekly time frame and also economy seems to worst as increase in circulation of dollar at the time of corona virus in 2020 but now to bring up economy dollar circulation need to be decreased so expecting a increase in intrest rate by fed
here previous bull run is based on wave theory and at present also there is a impulse wave based on correction of fib retracement of 61.80% and also there is target of 100% based on fib exe of 100% with respests in previous bull run if it breaks down it has a major support at $ 0.00002951 and it can achive the target
some instution is accumualating or distributing agresively it may be for a new ATH or a correction phase but any how in my point of view the institution may be robinhood or any other instution accumulating before the month end because the instution may think shib is in a low value