BNB still correcting in an complex structure, this in alternation with wave 2
Possible target for Y is 1.0 Fib extension at 105 area with confluence with 0.382 Fib retracement of wave 3 at 115 area
After completion of wave Y, the impulse to complete wave 5 will commence
Possible target for Y is 1.0 Fib extension at 105 area with confluence with 0.382 Fib retracement of wave 3 at 115 area
After completion of wave Y, the impulse to complete wave 5 will commence
Note
in a worst case scenario with some bad news i could see BNB even go back to the 0.5 Fib retracement for wave 3 Building up a long time bearish triangle, had multiple test op support
Locally making bearish patterns after another, this does not look great for upside
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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.