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Binance BNB - Strong buy signal! + Elliott wave + Triangle
Binance Coin / TetherUS
Long
Binance BNB - Strong buy signal! + Elliott wave + Triangle
By UnknownUnicorn2537518
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Jul 15, 2022
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Jul 15, 2022
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 Triangle
Bearish Trend Line
BNBBTC
bnbusd
BNBUSDT
Broadening Wedge
Bullish Rectangle
Descending Channel
Elliott Wave
Falling Wedge
Support and Resistance
Volume
UnknownUnicorn2537518
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