By 18/10/2021 - BNBUSD has completed his C point, which is the higher low. From the Fibonacci retracement, the price already hit 0.786, which means it already passed 0.618. There is a higher low so assume and sure if it is making a bullish trend and my target price, for now, is $573 and can get more higher until $636 (1.618)both prices is already made a new higher high and will make the complete ABCD pattern. Be aware there is a resistance in B Line point.
Comment:
There is a small sideway detected now. based on history price if there is a small sideway the price will be going down for a moment and my target is the first green line.
Comment:
BNB already break the resistance which mean there is possibilities if the price will going up and we wait for the first correction before entry
Comment:
BNB reach $550 which mean $30 less from target
Trade closed: target reached:
Congrats for the 32%