BNB seems to be making an (open ? - I really can't grip the word right now) triangle formation WHILE also trying to break the 11$ .
Well, that's at least what it was trying to do before the Bitcoin Shakeuk which happned while I was writing this. So I guess it will stay in this triangle for a bit more.
Showing Strong Support on 10 USDT and 10.3 USDT. If those break, STRONG SUPPORT on 9.6 $ (Thanks Bitcoin...)
There are two critical areas in my opinion. If it managed to breach one of them, the open triangle trend might change and Elliot abcde might fail.
I can't really do better than this right now - I'm on a 14'' screen for a long time.
This is what I'm seeing at the time of writing this. Things probably will change if BTC makes another dive - adapt your trades accordingly.
Well, that's at least what it was trying to do before the Bitcoin Shakeuk which happned while I was writing this. So I guess it will stay in this triangle for a bit more.
Showing Strong Support on 10 USDT and 10.3 USDT. If those break, STRONG SUPPORT on 9.6 $ (Thanks Bitcoin...)
There are two critical areas in my opinion. If it managed to breach one of them, the open triangle trend might change and Elliot abcde might fail.
I can't really do better than this right now - I'm on a 14'' screen for a long time.
This is what I'm seeing at the time of writing this. Things probably will change if BTC makes another dive - adapt your trades accordingly.
Comment:
Chart holding up at the support levels mentioned.
Comment:
But Elliot Wave is capish