BNBUSDT the FIBO & TA gave us 2 scenarios

The current price BNBUSDT=530$
Regarding the FIBO & TA we gonna to dive in to 2 scenarios:

1. Bullish. If the chart will crossing UP the bearish channel (red bold line) close to the green circle (bullish target) - we are waiting the price around the 3.3 wave=624$.

2. Bearish. If the chart will crossing DOWN the bullish channel (green bold line) close to the red circle (bearish target) - we are waiting the price drop down to the wave 3.2=465$.

Opinion:
Long target:
buy 570-560$ - TP 620-630$

Short target:
sell 500-490$ - TP 480-465$

BNBUSDT
https://www.tradingview.com/x/7UOHtOwz/
Note
Today, we're gonna palp the bearish crossing down channel!
510-511$ this is the important resistance level before falling down...(except the false breakout option)
Elliott WaveTrend AnalysisWave Analysis

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