BNB ~ potential cup and handle
BNB weekly view
Binance coin has just retouched its ATH and it looks like its slowing down. Volume is becoming lower each day and RSI is showing that we are currently in the overbought zone.
If the cup handle pattern really plays out, we could see a retest of the 24 usd levels and then another leg up over the resistance.
However, if BNB breaks the current resistance, then its price discovery.
Binance coin has just retouched its ATH and it looks like its slowing down. Volume is becoming lower each day and RSI is showing that we are currently in the overbought zone.
If the cup handle pattern really plays out, we could see a retest of the 24 usd levels and then another leg up over the resistance.
However, if BNB breaks the current resistance, then its price discovery.
Penafian
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