BNB/Binance Coin - Harmonic Pattern Analysis

BNB Harmonic Pattern Analysis

BNB recently completed a large harmonic pattern on the 4-hour time frame.
This pattern was completed near 618.
The harmonic pattern signals the potential for a deeper correction.

Traders should be cautious as it suggests a potential downtrend.

A minor bearish zone is identified around 592.
Target Zones: The normal target zones for this pattern are located near 578 and 553.
These levels are crucial for traders to watch closely.
Considering the daily chart, there is a possibility that the price may decline further to around 510 in the coming weeks.

You may find more details in the chart!
Thank you and Good Luck!

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Trade closed: target reached:

BNB - Target reached and it should move down more

Trade closed: target reached:

BNB - all targets reached:)