$BNB Down 60% From ATH & Bearish Flag Forming: Is $450 The Next?
BNB Down 60% From ATH & Bearish Flag Forming: Is $450 The Next Stop?Bearish flag pattern forming, still trading within the Flag Channel. If price breaks down $570 support, expect another leg down toward $450.
Almost 60% down from ATH in ~4 months. LH → LL structure intact. No bullish divergence.
Breakdown target: $445–450
Key support: $570
Bias: Bearish until structure shifts. More downside if $570 breaks.
IMO,
BNB below $500 will be generational wealth entries for the long run.Trade the structure, not the hope.
NFA & ALWAYS DYOR
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Twitter: twitter.com/CryptoPatel
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Telegram: t.me/OfficialCryptoPatel
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.