Same situation - seems like an ending opening wedge. By price discovery the liquidity will be taken and then we go probably for liquidity on the other side.
In my opinion we see a healthy correction as part of Eliott count wave 4 on daily basis. By Eliott-count rules wave 4 should nod accross 0,5 retracement value, on 0,386 we see a nice confluence. So, I expect correction to 60100 - 60250 and then wave 5. uptrend to aprox. 85 000.
I'm presumably bearish on BNB now in midterm. But this shows a classical broadening wedge in short uptrend - like a charm... Staying long till 220-221 from a confirmation line. Good luck.
Looks finally like a reversal... Just an idea - no financial advice! Cheers....
Hi, I look quite a long time at BTC chart - all I can see just now is a rare formation on 4H - right-angled ascending broadening wedge. Meaning of such formation is dubious, but this time I'm pretty sure, it's a reversal pattern - will short BTC. Target around 21500. Cheers...
Hi, since shorts on BTCUSD are rapidly rising, Is a drop-down expected... I can see an expanding triangle - a reversal pattern - bearish... Expecting 5-waved impulse pullback from around 41700 to 37750.
Hi, BNB is approaching C wave of a correction after a massive upward-impulse. (5 waves down, 3 up - pullback, now follows 5 waves down). I'm gonna to short to 578, then long to 670... Cheers...
Hallo all, this seems to be a short-term BNB uptrend impulse wave. A beautifull example without big ones manipulation. - Buy low of wave 4, sell wave 5.
I can see just a corrective waves - flat? Without volumes. I do not think ATH will come yet. Rather expect one more dump to 44 - 46k. Cheers...
Hi, BNB is going to consolidate soon. We're now in ABC correction in supercycle. Will consolidate with BTC fall.