Bnb seems to not affected by much needed retrace in crpyto markets which is not a good sign!
One should be very careful with bnb trading if they are long bnb!
Bnb is very close to the ATH area and highly overbought right now.
Volume is decreasing a lot lately and BTCUSD pair is trending downward hard.
Therefore one should not buy from this area and should start taking profits!
I expect BNB price to retrace 0.008 areas for healthier uptrend.
Right now price action is too hot and volatile.
This mean money running from BTC and coming to BNB but if BTC keep losing its value people can panic sell that can lead to huge loss in altcoins!
Be very careful and let the price consolidate or even retrace a bit.
One should be very careful with bnb trading if they are long bnb!
Bnb is very close to the ATH area and highly overbought right now.
Volume is decreasing a lot lately and BTCUSD pair is trending downward hard.
Therefore one should not buy from this area and should start taking profits!
I expect BNB price to retrace 0.008 areas for healthier uptrend.
Right now price action is too hot and volatile.
This mean money running from BTC and coming to BNB but if BTC keep losing its value people can panic sell that can lead to huge loss in altcoins!
Be very careful and let the price consolidate or even retrace a bit.