Hello, I've finally gathered my thoughts and come up with an idea.
What's most important in a good idea? Timing, of course!
And, of course, we need a logarithmic chart; without it, a good idea won't work :)
What thought do I want to convey?
No one knows the future. Therefore, we can go both up and down.
Judging by the logarithmic chart, we are at a crossroads, at a decision point. We are at the bottom of the parallel channel, and there are even hints that we've already broken out of it to the downside.
I dare to suggest that if by October 2023 we close with a confident green candle and confidently enter the channel, there is a very high probability of reaching the minimum target of 1150 (which will be 1.618 from the maximum) or even around $3,000 in the next 6-9 months. If everything unfolds more positively, reaching $10,000 to $15,000 per BNB coin is not excluded. At least, that's what the logarithmic chart doesn't rule out.
However, if we break out of the channel to the downside in the near future and establish support there, the path downwards is almost guaranteed, most likely in the range of $20 to $40.
That's the whole idea! :)
See you in a month!
What's most important in a good idea? Timing, of course!
And, of course, we need a logarithmic chart; without it, a good idea won't work :)
What thought do I want to convey?
No one knows the future. Therefore, we can go both up and down.
Judging by the logarithmic chart, we are at a crossroads, at a decision point. We are at the bottom of the parallel channel, and there are even hints that we've already broken out of it to the downside.
I dare to suggest that if by October 2023 we close with a confident green candle and confidently enter the channel, there is a very high probability of reaching the minimum target of 1150 (which will be 1.618 from the maximum) or even around $3,000 in the next 6-9 months. If everything unfolds more positively, reaching $10,000 to $15,000 per BNB coin is not excluded. At least, that's what the logarithmic chart doesn't rule out.
However, if we break out of the channel to the downside in the near future and establish support there, the path downwards is almost guaranteed, most likely in the range of $20 to $40.
That's the whole idea! :)
See you in a month!
Comment:
The final support level, beyond which a significant price drop may occur, potentially down to $40, is around the $180 per coin zone.