BNB´s big drop in May was clearly an impulsive move, so everything from that point on was corrective (in my primary scenario).
Wave B could have finished in November at 669.3.
We could have a running flat, which would require wave C to go down to at least 386.5 (61.8% pullback).
Nevertheless, we have VERY strong support at 500, and a down channel (black) that has been containing price action for the last 6 weeks.
I´d wait for a break above the channel in order to buy BNB.
Wave B could have finished in November at 669.3.
We could have a running flat, which would require wave C to go down to at least 386.5 (61.8% pullback).
Nevertheless, we have VERY strong support at 500, and a down channel (black) that has been containing price action for the last 6 weeks.
I´d wait for a break above the channel in order to buy BNB.
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