The turning point for BNBUSD was the ascending correction. Once we saw that pattern appear, it was all downhill from then. We saw multiple break and retests on the lower timeframe. Next support area is the double bottom region at $208 level. Will be watching for bear flags to take this down.
Goodluck and trade safe!
we have Td Sequential and Elliot wave analysis here
this is my Idea:
TD Sell Countdown has been completed, and TD buy setup completed.
On the other hand, BNB is in the wave 5 of descending Elliot waves
These two analyzes confirm each other
Welcome to this analysis about BNB, we are looking at the 12-hour timeframe perspectives. As already mentioned in previous analysis BNB on the more local perspectives has developed this ascending-channel where it is forming the coherent wave-count with the possibility to move on to the upside. Besides that on the more global terms, I discovered this major...
Binance seems to be forming a giant head & shoulder pattern with tons of fillable gap that could bring its price from 350$ to 50$, a -85% drop from current valuation. On May 13th, we learned that Binance is under investigation by the DOJ, the IRS and the CFTC for money laundering, allowing terrorist funds to circulate (linked to the latest ransomware attack),...
Welcome to this analysis about BNB, we are looking at the 2-hour timeframe perspectives. BNB since showing heavy bearish breakdowns to the downside has formed some initial recoveries however these arent yet very strong. Besides that BNB has developed this main ascending-channel-formation with the coherent wave-count within and the waves A and B already...
Binance Coin suffered rejection before hitting $440 last week. The bearish price action superseded a recovery move from the crash to $210 in May. As sellers regained, the bulls' focus shifted to securing higher support, perhaps at $400 and $380.
However, declines soared, with Binance Coin plunging below the 100 Simple Moving Average (SMA) and the next tentative...
Like all the crypto market, Binance Coin also has a hard time.
After an initial drop, the coin recovered, but the rise is in a corrective manner.
Last night the support trend line of this correction was broken which suggests that the correction might be over.
I expect a new leg down towards 200 and I'm looking to sell it in the 400 zone
Last wave up to $430 was not an impulse (3 waves subdivision), so it probably is wave (d). If correct, then we are in last wave (e) of expanding triangle, which will bring us below $300. After ending this triangle expect return to $500. Breaking $430 negates this scenario.
Hello Traders, Here's my forecast on BNB. I'm expecting a little upmove then a downward correction towards the initial demand zone and finally an upward rally.
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How to identify if a correction is finished/completed and ready for the next impulse move ?
In this educational video I will go over how to properly identify a correction in price action analysis.
I recently made a price action workshop live stream video that went over everything on impulse - correction, structures/patterns, continuation and...
Hello traders as tou can see BNBUSDT is in a very strong demand level , this futures contrat is very interesting , especially if we expect a further upside due to new transactions. Let me know i t he comment section what do you think about it . trade safe.