VincePrince

BNB, Dynamic-Channel-Formation, How A Breakout Can Determine!

BINANCE:BNBUSD   Binance Coin
Hi,

Welcome to this analysis about BNB, we are looking at the hourly timeframe perspectives. With BNB recently bouncing initially bullishly to the upside, it has formed some very interesting structures I detected that moved into this dynamic parallel ascending-channel-formation, within this channel BNB has formed this potential bull-flag marked in orange with the coherent wave-count within already completing the waves A to B in the structure and with the remaining wave C to develop next. When this wave C bounces sufficiently in the structure this can lead to a potential breakout above the upper boundary and when this happens it will be the origin of the further continuations as the channel confirmed as a bull-flag.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate rather than to speculate."

Information provided is only educational and should not be used to take action in the market.

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