Twice Paypal tested the $309-310 region which was rejected with support around the $190-210 level (also the .382 fib retracement level), then at and around the $180 (also the .236 fib ret. level),
There is a larger descending wedge that had formed and the price has broken through the bottom trendline of the wedge and landed at the bottom of the fib retracement...
Looks like a large Elliott wave is just coming to an end.
Currently in a downward trend and are trending on the bottom trend line, should pop back up and stay over 75c to confirm reversal.
Reversal with a new Elliot wave with first wave pushing to 90c. testing previous support/now resistance.
Then dropping back to around then 80c region before the next wave up...
IMO there is a nice descending wedge that has formed,
Buy in price target 9.40-9.80 region.
Target sell price $19.50+-
A couple of resistance levels.
Let me know your thoughts!
Seems like Banera BNK has been in a consolidation phase for a period of time,
Looking @ Etherscan the top 100 holders hold approx 40%+-
With a number of these buying in the past 3-6 months
Initial target is a HUGE 155% growth, it appears an descending triangle pattern is due to complete.
Then retracement back to a what appears to be a soft support/resistance...
I feel that BNB is going to rise quickly 10%.
1st Target: $25+-
2nd Target: $27+-
The channel is in an upward trend and has just re-tested the support line of the trend (which did not break)
It should move back in an upward trend toward the high of the trendline.
If it follows this pattern then we should see it hit $25+-,
Resistance will show just before $24...
Initial attempts at charting, let me know your thoughts.
Trendline channel is downward but a nice ascending triangle formulation - if it breaks out then a gain to 3-4% is to be seen with an upside after hitting initial resistance to possibly 15% if it can break the initial resistance line.
Possibly imminent 3-4% gain
Short term 15% gain
MACD is nearing cross...
