BNB over the past month has been making new highs using previous resistance as new support.. At this point were treading in unknown water as we've never seen BNB/USD this high.. It almost looks like we could've hit a double top which is a bearish technical reversal pattern. If we once again break through previous resistance which is at $35.7 we could see it be used as support.
I personally think the current run up is too exponential to take any positions unless we break through previous resistance in which we would expect a new high. For now I expect reversal down to one of the previous support lines.
For the next couple days I will most likely be holding stable coins until I see a break out somewhere in the market which then I will update on..
Cheers,
I personally think the current run up is too exponential to take any positions unless we break through previous resistance in which we would expect a new high. For now I expect reversal down to one of the previous support lines.
For the next couple days I will most likely be holding stable coins until I see a break out somewhere in the market which then I will update on..
Cheers,