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SR618
Mar 7, 2019 1:47 PM

BNBUSD Near Year High. Going Higher? 

Binance Coin / US DollarBinance

Description

Crypto market have been on a bull run for the last couple days. Binance Coin has been the leader and breaks $2 billion cap.
Some would be inclined to short this pop, but beware of the momentum . Buy volume is still growing and showing strength.
I would expect a pause in this move to move to at least $18.40 and then $25. Be careful of trying to pick a high.

If looking for a short it best to wait for at least a blow-off top candle indicated by a wide range bearish candle on heavy volume. A safer setup would be to wait for a double top with a break of the 20ma daily.



Comments
kayakhigh
I don't worry too much about BNB pullbacks... ...they are usually part of a Cup and Handle Pattern.
kayakhigh
Great Chart ! Long !!
ForecastCity
Thanks for sharing your viewpoint.
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