BNB ROAD MAP (1D)
Recently, many margins have been created for Binance and there are many concerns that this coin will experience the fall of freedom.
But the chart is really behaving correctly and logically, and we think it is unlikely that what happened to luna or ftx will happen to Binance as well.
Considering the temporal behavior and the number of correction branches we observed, we realized that there is a high possibility that we are in a diametric correction structure.
I marked the beginning of correction in the chart. From where I have marked the red arrow, this coin has entered its large and complex corrective pattern Now what is clear is that if the identified pattern is correct, we should be inside wave E of this diametric.
The green area is a low-risk area for buying, especially for those who are holders.
I believe that those who are even holders should have a specific stop loss.
I specified the invalidation level. If a daily candle closes below this level, this analysis will be violated.
Our first target will be the upper red area.
You should be careful that the time frame of this analysis is daily and time-consuming.
But the chart is really behaving correctly and logically, and we think it is unlikely that what happened to luna or ftx will happen to Binance as well.
Considering the temporal behavior and the number of correction branches we observed, we realized that there is a high possibility that we are in a diametric correction structure.
I marked the beginning of correction in the chart. From where I have marked the red arrow, this coin has entered its large and complex corrective pattern Now what is clear is that if the identified pattern is correct, we should be inside wave E of this diametric.
The green area is a low-risk area for buying, especially for those who are holders.
I believe that those who are even holders should have a specific stop loss.
I specified the invalidation level. If a daily candle closes below this level, this analysis will be violated.
Our first target will be the upper red area.
You should be careful that the time frame of this analysis is daily and time-consuming.
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