Binance BNB - Strong buy signal! + Elliott wave + Triangle

  • Elliott wave analysis on BNB was really hard, but this is my outlook on the 4h / daily chart.
  • Don't forget that BNB on the weekly / monthly scale is extremely bullish, so we should follow the main trend.
  • We have a broadening wedge / descending channel, which are usually both bullish patterns.
  • Also the price is printing a local ascending triangle in the end of the trend - good to see!
  • Impulse Elliott wave for this huge downtrend should be completed and it is possible that we will never see this low price again.
  • BNB is indeed one of the most bullish altcoin in crypto.
  • Look at my ideas about interesting altcoins in the related section down below ↓
  • For more ideas please hit "Like" and "Follow"!
Ascending TriangleBearish Trend LineBNBBTCbnbusdBNBUSDTBroadening WedgeBullish RectangleDescending ChannelElliott WaveFalling WedgeSupport and ResistanceVolume