Binance Coin has become overbought on the 1D timeframe (RSI = 85.874, MACD = 52.260, ADX = 67.821), even the 1W RSI (85.874) is off the charts, and it is natural since it is on a hyper strong rally that is approaching its All Time High. The 1W MA50 will now support throughout the whole parabolic rally and the ramainder of the Bull Cycle, as it did in the two...
BNBUSD is trading inside a Channel Down pattern and today crossed above the MA50 (1d) for the first time since May 8th.
A (1d) candle closing over it, confirms the expansion of a rally that started on the same level (Support 1 at 220.00) as the December-January rally.
Trading Plan:
1. Buy if a (1d) candle closes over the MA50 (1d).
Targets:
1. 340.00 (Resistance...
