BNB about to pop?
It looks to me like we are at or near the end of the 4th wave of an ending diagonal that is the 5th wave of the larger wave 1.
Typical levels for the last 5 wave would be between 0.786 and 1.0 of the size of 0 to 3 as measured from 4. These are the lower of the two white lines.
But....looking at the wave 1 of this structure it formed a similar pattern and then exploded. Other fib levels marked.
If this plays out then expect a big drop after it completes.
Remember...always do your own research. Don't just buy something because someone you don't know on the internet says it might be a good idea.
Typical levels for the last 5 wave would be between 0.786 and 1.0 of the size of 0 to 3 as measured from 4. These are the lower of the two white lines.
But....looking at the wave 1 of this structure it formed a similar pattern and then exploded. Other fib levels marked.
If this plays out then expect a big drop after it completes.
Remember...always do your own research. Don't just buy something because someone you don't know on the internet says it might be a good idea.
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.