BNB on weekly chart
- BNB made classic double top
- Neck line was broken and recovery uptrend was started
- Waiting for 2618 Trade which will be a SHORT POSITION from 61.8% fib ($488) retracement of the correction of the recent impulse leg.
- Negative divergence on RSI ( Yellow dashed line on the chart ) related to the price.
- The Two Blue Lines reveal a harmonic prediction move from 61.8% to TP1 with the previous wave ( cluster confirmation )
- TP1 at $185
- TP2 at $98
- Invalidation of this idea is breaking the double to at $700
+ Once again BECARFUL this is MONTHLY chart
- BNB made classic double top
- Neck line was broken and recovery uptrend was started
- Waiting for 2618 Trade which will be a SHORT POSITION from 61.8% fib ($488) retracement of the correction of the recent impulse leg.
- Negative divergence on RSI ( Yellow dashed line on the chart ) related to the price.
- The Two Blue Lines reveal a harmonic prediction move from 61.8% to TP1 with the previous wave ( cluster confirmation )
- TP1 at $185
- TP2 at $98
- Invalidation of this idea is breaking the double to at $700
+ Once again BECARFUL this is MONTHLY chart
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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.