Binance BNB - Strong buy signal! + Elliott wave + Triangle

Jul 15, 2022

• Elliott wave analysis on BNB was really hard, but this is my outlook on the 4h / daily chart.
  
• Don't forget that BNB on the weekly / monthly scale is extremely bullish, so we should follow the main trend.
  
• We have a broadening wedge / descending channel, which are usually both bullish patterns.
  
• Also the price is printing a local ascending triangle in the end of the trend - good to see!
  
• Impulse Elliott wave for this huge downtrend should be completed and it is possible that we will never see this low price again.
  
• BNB is indeed one of the most bullish altcoin in crypto.
  
• Look at my ideas about interesting altcoins in the related section down below ↓
  
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