Hello traders,
BNBUSD does not look like an impulse from March lows. It looks more like a complex W-X-Y corrective rise in wave (D) of a bigger bullish running triangle pattern. So, watch out for a bigger A-B-C corrective decline into the final wave (E), with support at 15.8/11.5 area, before we may see a bull run towards the all-time highs.
BNBUSD does not look like an impulse from March lows. It looks more like a complex W-X-Y corrective rise in wave (D) of a bigger bullish running triangle pattern. So, watch out for a bigger A-B-C corrective decline into the final wave (E), with support at 15.8/11.5 area, before we may see a bull run towards the all-time highs.
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Learn Elliott Waves
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Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
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.