GlenGoodman
Long

BINANCE COIN (BNB) bumpity bumping against ATH

BINANCE:BNBUSDT   Binance Coin / TetherUS
Everyone is saying BNB has risen enough and needs a correction. Perhaps they're right - the resistance at the all-time-high is indeed strong, and my finger is still hovering over the sell button. BUT, as with Bitcoin , Ethereum , Ripple and so many others in 2017, reaching an ATH is sometimes just the beginning. Markets are held back by 'overhead supply' from people who bought long ago. They wait until the price rises back to the point they bought at and then they sell. Once the ATH is breached, there is no more overhead supply. That can set a coin free to fly like a bird. Fly, little birdy, fly!
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