Hi, we have met again. The theme content organized by Xingxing for everyone in this issue is:Capo predicts the collapse of BNBIf you would like to learn more, please follow Star and provide you with high-quality content about BQ every day~Capo, an experienced Cryptocurrency analyst and trader, shared the counterfeit currency that he expected to fall the most and short the most
Hi, we have met again. The theme content organized by Xingxing for everyone in this issue is:
Capo predicts the collapse of BNB
If you would like to learn more, please follow Star and provide you with high-quality content about BQ every day~
Capo, an experienced Cryptocurrency analyst and trader, shared the counterfeit currency that he expected to fall the most and short the most. According to the analyst's statement, Capo expects that the service token of the large Cryptocurrency exchange, Nuan, BNB, will collapse.
Capo predicts that BNB will collapse
Capo, an anonymous Cryptocurrency analyst and trader, said that BNB was the counterfeit currency that he shorted the most. He said: "The high time frame chart and the low time frame chart show a downward trend. I expect bad news will come soon, and it is only a matter of time. BNB is the counterfeit currency that I shorted the most."
By using Elliott wave principle to analyze the price chart of coin security service tokens, Capo believes that BNB has broken through the upward channel and entered a downward trend. Capo's initial downward target price for BNB is $125, which means that based on the current price drop of over 48%.
Solana and Bitcoin Fall Warning
Capo also revealed that the second counterfeit coin he paid close attention to was Solana (SOL), which was considered as a competitor of Ethereum. The analyst stated that after failing to maintain support above $30, Solana may fall to $25.36. He said, "I have not yet closed my medium-term short position. I hold the stock and increase my position at the entry price of $25.36
As for the largest Cryptocurrency, Bitcoin (BTC), analysts applying the Weikov distribution model believe that the formation of signs of weakness (SOW) indicates that a downward breakthrough is imminent.
The Weikov method used by analysts is a type of technical analysis, which aims to determine whether major Cryptocurrency investors are accumulating or allocating assets. The accumulation model represents a period when institutional investors control asset prices to buy at low prices.
One more sentence: Investors should exercise caution when participating in such market conditions and consider their individual risk tolerance and investment goals.
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