Yeah, 
BNB has been on an absolute rampage for three months now. Thinking of apeing into it? Perhaps you should have a look at the WEEKLY chart first.
On 21 September I dropped the weekly timeframe analysis, talking about a 4-years old gigantic CUP & HANDLE pattern and based on that I gave a projected target of $1225.
Guess what, it has been HIT today.
That C&H pattern is a thing of beauty and will be featured in text-books soon.
Picture-perfect.
What now. Definitely no longs for me. If anything, I'm tempted to try a small-sized SHORT due to overbought RSI (78.5), and many BEAR RSI divergences on shorter timeframes (next posts of mine for these analyses).
Not opened a position YET, I need a bit more time to think.
What I am going to say is, be cautious with LONGS and even SPOT buys. It is just too oversold and too vertical👽💙
BNB has been on an absolute rampage for three months now. Thinking of apeing into it? Perhaps you should have a look at the WEEKLY chart first.On 21 September I dropped the weekly timeframe analysis, talking about a 4-years old gigantic CUP & HANDLE pattern and based on that I gave a projected target of $1225.
Guess what, it has been HIT today.
That C&H pattern is a thing of beauty and will be featured in text-books soon.
Picture-perfect.
What now. Definitely no longs for me. If anything, I'm tempted to try a small-sized SHORT due to overbought RSI (78.5), and many BEAR RSI divergences on shorter timeframes (next posts of mine for these analyses).
Not opened a position YET, I need a bit more time to think.
What I am going to say is, be cautious with LONGS and even SPOT buys. It is just too oversold and too vertical👽💙
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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.