Looking at BNB on the 1D chart
If you're looking to trade BNB be very cautious. When in doubt, zoom out. It wont go parabolic forever.
Indicators:
Price hitting single ticks on VPVR
Many notches that need to be filled in VPVR
200 day moving average lagging behind parabolic price movement
Bearish divergence in volume
Money pouring in (OBV looking very heavy)
Big bearish divergence in histogram confirmed
Willy is heavily over bought, stupid and embedded
POC all the way down at 2400 sats
Top of value is at 24000 sats
We could get another 20% out of BNB to hit the 1.618 target, but you have to ask yourself "Is this really sustainable? Is it work the risk to trade for an extra 20%?"
* Don't forget to hit that like button and follow me on Trading View for more chart analysis :)
If you're looking to trade BNB be very cautious. When in doubt, zoom out. It wont go parabolic forever.
Indicators:
Price hitting single ticks on VPVR
Many notches that need to be filled in VPVR
200 day moving average lagging behind parabolic price movement
Bearish divergence in volume
Money pouring in (OBV looking very heavy)
Big bearish divergence in histogram confirmed
Willy is heavily over bought, stupid and embedded
POC all the way down at 2400 sats
Top of value is at 24000 sats
We could get another 20% out of BNB to hit the 1.618 target, but you have to ask yourself "Is this really sustainable? Is it work the risk to trade for an extra 20%?"
* Don't forget to hit that like button and follow me on Trading View for more chart analysis :)
Trade closed: target reached:
Trade closed: target reached:
Comment:
BNB still looking very heavy. If it does go higher the fomo is real lol
Comment:
Trade closed: target reached: