Binance coin should see some more waves up.
Looking like some perfect market structure to see a breakout.
I have seen similar setups before in the early day market cycles of bitshares , digibyte , ripple where they form consolidation patterns then go for very impulsive 5 waves to new all time highs.
we will have to see if the holds as support but for now things are looking good with a short term forming on the .
First target would be the previous ATH after that you can use fib extensions to find the other targets once we break the all time highs.
this coin reminds me a lot of the early Crypto days when things were very first starting to pump early 2017 making their first market cycles and going for 5 waves.
Apparently Binance is becoming a decentralized exchange also all though I don't trade my markets based on news that is one aspect of this token that could increase its value .
Binance is also a really great company has a huge user base and so the coin is kinda like investing in their company as the price should have somewhat reflect the growth of the user base.
Stay profitable out there.
Youtube channel with lessons on trading
BTC : 3QccfbwpF9rpm8aofADDWdtshDrXnGwZ