weslad

BNBBTC Trading opportunity

BINANCE:BNBBTC   BNB / Bitcoin
Hello guys,

Spotted potential Bullish Bat formation with important level to watch is the pattern Neckline where we have our immediate support.

If this support break down it will completed the BAt drop pattern.

In other hand,

Its well know that Binance coin has been trading inside Rising channel for a very long time. My analysis today also branch down on Elliot wave perspectives.

We completed main wave 1-2 where we have ending diagonal for wave 3 which take the form of sub-waves (i-v) in side an ascending broadening wedge and we are presently on corrective wave 4.

Huge bounce is expected after the target for wave 4 is achieved then we can follow the suggested Buy back zone to long for maximum profit.

Keep an eyes on the support and resistance zone.

I will keep the post updated as the market develops.

Trade active
Trade active
Trade active
Trade active
Trade active: BULLISH BAT FORMATION continues

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Hi. I have question about harmonic pattern. I saw your drawing is down to 0.837 . AB is 0.555. isn't it should be 0.618 and 0.786?

Thank you very much.
Reply
weslad carsonsw
@carsonsw, it depends on the type of harmonic pattern you intended to utilize.
Reply
@weslad, Do you have any material that i can look up ? Thank you :)
Reply
weslad carsonsw
@carsonsw, google out school of pips, they are the best for beginners and all their patterns are well spelled out.
Reply
Good analysis.
+1 Reply
Great setup! Leave us a comment aswell :)
+1 Reply
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