BNB looks so ovebought, possible correction soon

20 de abr. de 2019

I see that BNB/USDT looks so overbought (MACD and Stoch RSI confirm it). It's nice how the supports and resistances respect Fibonacci's retracements.

I think we'll see a correction between $17 and $14 (and maybe untill $11), and then I think it will going up, because Binance is getting better and bigger.

My trading setup:
Sell: $24

Targets:
(1) $17
(2) $14
(3) $11

And then: Re-buy.

11 de mai. de 2019

Trade ativo

BNB going down as expected.

22 de mai. de 2019

Trade fechado manualmente

Yes, we had a little retracement and almost touched our first target ($17.4 area), and then it went up.

It's curious how in this Crypto market anything can happen, even the most unlogical things, thus after Binance has been hacked, BNB has just went up. Maybe because of the last mini BTC and Alts bull run.

I think that BNB/USD may will go up A LOT, for the same reason listed above, and because for the FOMO caused by the IEOs.