Been monitoring BNB for a couple of days.
TDLR: Correction downwards to 560 at this point will be healthy for sustainable growth.
1. RSI largely overbought on macro timeline
2. Overheated purchases, lessened buying interest
3. Amplified short positions by institution
4. EMA and MA overheated
all points towards a possible correction near term, NFA, personally...
Tsla formed a head and shoulder on the weekly charts and is also in a downtrend channel. Lots of stops are building up below $180 and there's no support until $150 where all the buyers are waiting. Tsla needs a big shakeout to flush out all the weak longs who bought at higher prices. Once all the weak holders are squeezed out, the stock will be in the hands of...