BNB Long Term Analysis
Updated
BNB is killing the market with massive profits .
This is my TA for long term...
As you can see we have 5 waves in 1W Chart.
Stoch RSI is in overbought crossing with selling signal.
BNB got rejected with the the top of the trend line .
Looks like BNB started the correction for this last 5 extended wave.
If BNB is in correction mode now I am expecting ABC correction .
Based in the VPR
the biggest support is at .618 fib level
There is almost nothing as real support for BNB until .618 fib level but the support line could be a very good support and the top of Wave 3 at .382 fib level.
So I am expecting for this correction C could be the top of the Wave 3 and at the same time touching the support trend line is a very good entry for long term.
But If BNB breaks and hold the top of the resistance there is nothing to stop BNB to go higher.
I will pay a lot of attention for the incoming weeks for this coin.
This is my TA for long term...
As you can see we have 5 waves in 1W Chart.
Stoch RSI is in overbought crossing with selling signal.
BNB got rejected with the the top of the trend line .
Looks like BNB started the correction for this last 5 extended wave.
If BNB is in correction mode now I am expecting ABC correction .
Based in the VPR
the biggest support is at .618 fib level
There is almost nothing as real support for BNB until .618 fib level but the support line could be a very good support and the top of Wave 3 at .382 fib level.
So I am expecting for this correction C could be the top of the Wave 3 and at the same time touching the support trend line is a very good entry for long term.
But If BNB breaks and hold the top of the resistance there is nothing to stop BNB to go higher.
I will pay a lot of attention for the incoming weeks for this coin.
Note
BNB got rejected very hard, for now my TA is still in play 
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