Binance Coin - time to correction or bull run?

The coin is trading inside the rising channel, the price has gone beyond the past two high peak, but to continue the positive movement BNB need to go through the red zone and make a retest from top to bottom and update the main "extremum". (I marked the way with black).

Indicators shows that the asset is very overbought.

Below we have a level (activated support), which we didn’t test and flew away, I think we’ll go to test it again. In general, there will be a correction soon.

This coin will become interesting to open a medium-term position, if the price will go through the red zone. The main goal - the local maximum. (main high).

Trade closed: target reached:

First target is reached.