ew-forecast

Elliott Wave Analysis: BNBBTC Is Looking For Wave (C)

Short
BINANCE:BNBBTC   Binance Coin / Bitcoin
Hello Crypto traders!

Today we will talk about BNBBTC pair, in which we see very nice and clean EW pattern.

If we take a look on BNBBTC daily chart , we can clearly see it unfolding a bigger, higher degree (A)-(B)-(C) correction. Currently we can see it trading in final stages of an A-B-C pullback within wave (B) that can be followed by another sell-off within wave (C), similar as in May 2021.

So, if we are on the right path, then Binance coin may see limited gains and could turn down anytime soon, which can send the BNBBTC price down to 0.0065 - 0.0040 support zone before bulls show up again.

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