On the hourly chart of BNBUSDT.P it seems that the instrument has completed a 5 wave down cycle with multiple AO indicator divergences between the 3 and the local 5 wave. Currently, the price is moving within the A wave of a bullish zigzag. Retracement in the B wave could be an optimal level to look for long signals.
Elliott WaveTechnical IndicatorsWave Analysis

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