$BNB (weekly): multi-year CUP & HANDLE has just hit its TARGET Binance Coin / TetherUSBINANCE:BNBUSDTColdBloodedCharterYeah, BNB has been on an absolute rampage for three months now. Thinking of apeing into it? Perhaps you should have a look at the WEEKLY chart first. On 21 September I dropped the weekly timeframe analysis, talking about a 4-years old gigantic CUP & HANDLE pattern and based on that I gave a projected target of $1225. Guess what, it has been HIT today. That C&H pattern is a thing of beauty and will be featured in text-books soon. Picture-perfect. What now. Definitely no longs for me. If anything, I'm tempted to try a small-sized SHORT due to overbought RSI (78.5), and many BEAR RSI divergences on shorter timeframes (next posts of mine for these analyses). Not opened a position YET, I need a bit more time to think. What I am going to say is, be cautious with LONGS and even SPOT buys. It is just too oversold and too vertical👽💙