BNB failed to break its all-time high price last November 7, 2021, which triggered its correction. The 5-wave counts of the last leg C of the ABC correction were completed in the recent dip at 323.5. This last wave is a 0.786 Fibonacci retracement bounce of the 2nd wave of the macro 3rd wave of BNB. Currently, BNB is making the 2nd wave of the 3rd wave of the...
BNB has been acumulating for a while...
Tomorrow is the day of FB earning and we all know what to expect... (BTC)
So I am also expecting.a lot of trading volume on exchanges like Binance...
BNB is also forming a nice triangle which we have just broken up!
Right now we're testing new resistance and waiting for a nice bounce to explore mode!
U can zoom out to 4h...
BINANCE:BNBBEARUSDT is almost on the bottom of its parallel channel and there is a divergence on RSI and MACD, So it is on a strong support area and there is a higher chance of rising. one can enter a long position with a target of 128$ and stop of 66$. so we have risk/reward of 5.
please hit the like and leave a comment if you agree with me
