Binance coin is showing immense strength in this corrective period which could be coming towards an end with the asset showing great strength as seen in previous consolidative periods, we have printed strong weekly candles reflecting that the price does not want to go lower and that bulls are well in control. Furthermore, since our move from $30 towards ~$350 price only retraced 23.6% which is extremely shallow for a wave 4 in which we consolidated in a triangle structure which has now broken to the upside, also we have printed strong bullish weekly candles and are strongly above the last weekly orderblock between $207-$294. We can expect a strong move to the upside where there is confluence of a strong cluster of resistances around $800 region; the shallow retracement which was seen emphasises the strong demand in this asset and gives us confidence we can see some strong growth in price going forward.
Please like and follow for more!
Please like and follow for more!