Clear skies for BNB/USDT - end of correction wave
In the chart you will see the Eliot Correction wave completed meaningh the uprising in the price is next move.
The targets are resistance points from which sellers keep the price intact.
The stoichastic indicator is showing the latest price movement to the support line at 190.
I am invested in BNB is because the services they provide are outstanding and i believe the price will see the next ATH and if we see a breakout we can see a price of around 400 USDT.
The targets are resistance points from which sellers keep the price intact.
The stoichastic indicator is showing the latest price movement to the support line at 190.
I am invested in BNB is because the services they provide are outstanding and i believe the price will see the next ATH and if we see a breakout we can see a price of around 400 USDT.
Comment:
First target reached today. Current price is doing nice and steady a bit agressive upside trend which will form a correction wave to around 260. If support line holds we can see a double top which is normal for the price movement.
Comment:
We are currently witnesing a correction from the first impulse started on 23th February 22:30 until 24th of February 6:00.
The support is holding the price of moving downwards and if it does it will reach support at 230 in which the fact that there was a consolidation it will hold steady at the support zone.
The support is holding the price of moving downwards and if it does it will reach support at 230 in which the fact that there was a consolidation it will hold steady at the support zone.