calipsofund

Binance Coin - time to correction or bull run?

BINANCE:BNBBTC   Binance Coin / Bitcoin
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).
Feb 11
Trade closed: target reached: First target is reached.
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