BNB showing some exuberance passing few hours. On a 30 min chart, we could see that last run up respected fibo levels, and if it bounces around 110k on this correction (red box), we are likely to see a 5th wave of elliot run-up all the way to next fibo target (blue box), which is between 178-191k sat.
Note
Watch our for that red box, if it breaks below, further correction might occurTrade active
Note
Volume reduction of overall binance markets delayed next wave. BTC going sideways. Anytime with volume increase we should see the next leg upNote
Bottom of redbox acted as support level and bounced. Need more volume to reach target.Trade active
Redbox acted as support twice and previous ATH has been broken. Target still the same.Note
Note
Strong Trend Line (pink) formed. If it holds up until target, we will be reaching it around 23h (11PM UTC) of Friday 12nd
Trade active
Blue box almost touched. Pink trend line intact. Still looking good for our target.
Note
Pink trendline better drawn. We are aproaching our target.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.