mtrade8888

BNB BTC is on a mission. But where will it end

Long
mtrade8888 Updated   
BINANCE:BNBBTC   Binance Coin / Bitcoin
BNB is a very interesting token - from Elliot's wave perspective. even during this market crash. BNB has outperformed BTC when looking at BNB BTC and recently it has broke the ATH into exploration mode mode. Thanks to elliot and Gann anlges and elliot wave - which gives us an indication of where we could go. Based on Gann angles - BNB should reach 200% from here - as a conservative measure. Mind that this is a weekly chart - so there its a medium term target. Short term target its on track for an additional 20+%. Interested to hear your views on the wave count and targets on BNB. Beyond technical analysis - BNB is strongly acquired during bear runs to reduce commission charges during bull runs by whales. Additionally its a solid blockchain which is getting strong attention.
Comment:
Trade took 98 days and hit a nice target of 45% on btc balance despite the market turmoil.
Comment:

Rewatching BNB - to see if it holds above the current angle. if it does, we will have a re-entry to next target of further 17%
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.