As you can see in roundtrip its time now to look for a good entry for a short position, so as expected bullish one went very good and very accurate, so please plan properly a good entry after current Elliots wave cicle in 1H.
BNB is taking position for a last pump before to have big fall, also after that we can have big bearish candlestick (represented in chart with red arrow), so also EMA indicator shows that BNB is ready for this bearish move
this note just for me. I'm researching by date.
I see every after that blue line. there is always a significant decrease.
blue line on 7 september, 15 september, 23 september, 10 october and 17 october.
the further back the date range the further away.
I think after october 3rd there will be another big sale.
I am confused why there is no number 4 on the blue...
$BNB is in a triangle and since we are in a downtrend it could break from the bottom with a $377 target, this target exactly matches with 0.5 fib level (Daily). If this triangle is acting like a pennant, it could reach all the way down to $354 level or 0.382 fib level (second target)
In bnb chart we see trendline is good support for now and if bnb is failed to break 427 to 431 resistance area then we will see good support will be 404.. if break the resistance area and confirm the support above 431 then we will see bnb to 450...
BNB Looks like it will slightly retest the 380 levels, that being said, i am NOT short, i will most likely be a buyer at the 380 levels again.
Usually the coins tend to test the bottom of the ribbon, play around below it, and go upwards after (in a bull market)
Breaking or staying below the ribbon for a long time give me a good opportunity to swing short.
I've spotted multiple accumulations on BNB in the past days, but we've looked much worse than BTC (take a look at my latest idea). We've been rejecting the breaker block which will act as our OTE and we really like grabbing the 0.5 fib level which I've annotated using a magnet icon. I expect to take some profits there and then as price hits the golden...