Despite DeFi Pivot, Binance Coin (BNB) Just Formed a Pivotal Sell Signal

Despite DeFi Pivot, Binance Coin (BNB) Just Formed a Pivotal Sell Signal


Binance Coin (BNB), which some see as a leading indicator for the altcoin market, has been on a strong rally over the past few weeks. The coin, after undergoing a strong correction, has surged against both the U.S. dollar and against Bitcoin. The coin has effectively doubled against Bitcoin over the past two weeks, surging higher. Binance Coin has been benefiting from the blockchain’s pivot to decentralized finance. The coin is also rallying due to the launch of Binance Smart Chain, which allows for smart contracts on the network. Unfortunately for bulls, the coin is forming a sell signal against Bitcoin. The Tom Demark Sequential formed a “sell 9” candle for the coin on Monday morning. Such Tom Demark Sequential “9”s when an asset is at an inflection point in its trend. Binance Coin Forms Crucial Sell Signal: TD Sequential

Binance’s Binance Coin (BNB) has been on a tear over the past few weeks. In the span of about

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