BNB - Looks like a great short
On the right we have the weekly time frame. The 20 MA is purple and the 100 MA is red. In the past we have hit our 20 MA and sold off thus giving us a high probability we will sell off again after this large rally. In addition to the 20 MA the 100 MA acted as our support before our final capitulation down to $880, so since it was old support it could act as new resistance as both those moving averaging are converging. The chart on the right shows the daily timeframe. Our RSI is right at overbought conditions which could end up being a perfect short. The only problem is BTC and ETH look closer to support than resistance and if they move up it would be hard for BNB to fall.
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