$BNB
Attention, audience! Here is your guru of laughter and Japanese candles. Look at the BNB/FDUSD, a comedy in two acts!
In the first act (IMAGE 1 "X DAY"), the price goes to the moon like my hope of getting the Bolívar at $100. It breaks the upper Bollinger band, that yellow line that tells us "this is on fire, it is overbought, but the party continues!". The trading volume is high, people are excited like a child with a new toy! The market is in a clear upward trend, the moving average (pink line) confirms it. It is the moment where beginners believe they are Warren Buffett.
But, oh,
The second act! (IMAGE 2 X HOUR) Laughter turns into nervous laughter. The price collapses, falling faster than my desire to exercise on a Sunday. It crosses the lower Bollinger band, a signal of "oversold"! The volume decreases, people get scared and flee. The moving average is already looking down, confirming the decline. From a "buy the dip" we move to a "no way, this is a abyss". A reminder that in crypto, you never know if you will be a millionaire or a beggar!