BNB/Binance Coin - Harmonic Pattern Analysis
Updated
BNB Harmonic Pattern Analysis
BNB recently completed a large harmonic pattern on the 4-hour time frame.
This pattern was completed near 618.
The harmonic pattern signals the potential for a deeper correction.
Traders should be cautious as it suggests a potential downtrend.
A minor bearish zone is identified around 592.
Target Zones: The normal target zones for this pattern are located near 578 and 553.
These levels are crucial for traders to watch closely.
Considering the daily chart, there is a possibility that the price may decline further to around 510 in the coming weeks.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
BNB recently completed a large harmonic pattern on the 4-hour time frame.
This pattern was completed near 618.
The harmonic pattern signals the potential for a deeper correction.
Traders should be cautious as it suggests a potential downtrend.
A minor bearish zone is identified around 592.
Target Zones: The normal target zones for this pattern are located near 578 and 553.
These levels are crucial for traders to watch closely.
Considering the daily chart, there is a possibility that the price may decline further to around 510 in the coming weeks.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
BNB - Target reached and it should move down moreTrade closed: target reached
BNB - all targets reached:)
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