Possible Triangle Set up wherein BNB goes to 300$ then goes up to 415 and goes down again 335 area.
This opinion on price prediction is only based on the chart without consideration of the current price of BTC which is currently at 47.9K USDT (which is at possible resistance). Hence this may or may not follow thru but for now, it is in a possible breakout position.
Thesis: ENJ took 28 days to created a higher low from 0.9181 to 0.9953. Base on Fibonacci Retracement we just passed 0.382 (1.4021) and may go up to 0.5 (1.7140) or 0.618 (2.095) however possible resistance spotted at 1.65 which resisted last June 4, 2021 and March 11, 2021. By Structural Design on the daily time frame, we should go up 1.65 to 1.71 before having...
If my Elliot Wave is correct, then we should see the end of correction in the next few days to weeks but not more than a month.
If the breakout confirms then we might see a target of around 78
For the past 443 days TWTR has been following the uptrend line. Best buy at the uptrend line unless broken. Base on the possible asymmetric triangle the middle point or tip is around 55 with a target point 84.89
BNB 15 minute Time frame The analysis is based on Trend FIBO from previous drop at 365 to the current drop 373 Key Resistance or TP area of BNB right now: 391 (Support) 396 to 397 (Strong resistance EMA 200 in 15 Min time frame and fibo mark) 404 Final Target 411 based on Trend FIBO 0.618
Estimating a sideways movement in the daily time frame Daily Time frame: Normal Resistance at 39,200 EMA 200 Resistance 41,387 Support 34,590 | 29,975 | 24,000 Mental support at 30K In the weekly, we are sitting in the EMA 50 Support 33,470. If we close below 33,470k in the weekly then we might see a drop to 24K. Currently downtrend until we can get back up...
Current Support levels: 1) EMA 50 support 371 2) Uptrend Line at 350 3) Retest around 391