RSI is at 50, is the BNB bull run officially over? only time will tell but odds are not in favor of the bulls
for bulls to keep the uptrend, they will have to break past the last lower high.
I'm gonna post the BNB/USDT too, look for my next post.
the lower horizontal support is long time support before bullrun.
It can very well retest it.
there is a very simple and text book bear flag forming here.
1- you can either build your position now and set a good stop loss with comfortable space.
2- sell the break down of the converging triangle/equilibrium
Targets are the previous old resistance lines from bear trend
that volume climax can be a trend reversal but its too soon to say anything at this point unless we start seeing higher highs and higher lows.
Possible double top with higher highs on RSI and over bought SRSI
Weekly is bullish but daily needs a little correction here. I'm staying neutral but if I had to trade anyway then I would go short here.
you will seldom get an opportunity like this
If bitcoins bless us a little stability, this is gonna blow up
TA: bounce from previous low setting higher lows
Volume on bittrex is low but binance is very healthy
Fundamentals: ICOs in pipeline
STRAT is one of the most solid project in crypto space.