As the chart shows, it's unsure whether this current correction will breach the channel. Somewhere around 0.012 is perhaps the lowest.
A broader Wave 3 is incoming.
BNB/ETH is drawing a beautiful Dragon Pattern. Adding the fact that Binance is going to be one of the main crypto/altcoin exchange, the price should surge very soon.
just now.
BINANCE:BNBETH is following an ascending channel. If it keeps following it, it could hit 0.039 ETH by Jan 20th.
PLEASE NOTE: I can't ensure that this will happen, so take this advice at your own risk.
BNBETH forming a possible head and shoulders pattern visible on the 1 & 4hr charts. A bearish divergence is also visible as the "head" in the pattern is with a lower RSI than the left shoulder. If ETH continues the bull rally this pattern will most likely materialize and we could see a retracement to the previous strong support level.
There is a pattern 3 times all ready in bnb rising and falling. I can see this is starting to fall after 0.02 eht all the way down to 0.011 until it start rise again.
