Support and Resistance

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,