In the past recent cycles, it has not been uncharacteristic for the RSI to get out of hand, so despite it being currently overbought, there is a lot of promising momentum around BNB. This is also backed by recent fundamental analysis that Binance plans to migrate to a decentralized exchange.
Nota
Alerts Triggered as we start to break through the ceiling. RSI is doing its' typical jig as well.Nota
The past 2 pumps where the RSI blew up and gains were in the 20-35% range, both lasted about 2 days and 4 hours, so if we see a similar behavior, thats around the time frame we will be seeing on this.Nota
Looks like thinhgs went at as planned... but the RSI is still low, meaning we didnt see an explosive gain yet. This could be the time to set a sell limit if looking to exit.Nota
Just wanted to remind traders out there to be weary of using just a single indicator.I happened to come across multiple users warning of the potential of BNB/BTC on tradingview because of the RSI. Keep in mind that right now... of the 18 indicators out there, RSI is the only one indicating a sell for BNB. It is a strong buy, and has been a strong buy for almost a week now. If the RSI spooked you, you are missing out on the cream of the trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.