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DU09
Feb 9, 2021 3:57 PM

BNB/USD - Parabolic gains... mooning at $100!!! 🚀🚀🚀 Long

Binance Coin / TetherUSBinance

Description

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BNB touched the top resistance of the massive channel we have formed since BNB was launched and that did not hold us for more than 1 day... yesterday we broke out and today we mooned passing $100!!!

Wow... BNB has been a very safe bet due to the fundamentals behind it (Binance being the biggest exchange in the world), but this exceeded all expectations, BNB doubled in less than 10 days.

Where are we now? We are in price discovery and any TA here is difficult. BNB can continue up or crash back to the resistance turned support around $70.

The indicators all look bullish, I do not see any weakness for now. Volume is up, RSI is up, MACD is expanding... I don't exclude some sharp sells, but this momentum will absorb it.

A crash will come, but now now. Very bullish overall.

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Comments
Jabeardo
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took profit expecting to dip or consolidate but instead this just went bananas. If it ever comes back to earth, i will buy back in.
RichToko
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@Jabeardo, ye fomo time over. Looks very bullish longterm but needs a strong retracement soon.
abel11
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you are making a good point
cryptoballz
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only one country in the world where ppl use the phrase "now now". Unless it was a typo
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