BNB possibly cooling down for next wave. Target around 185k sat

Aggiornato

BNB showing some exuberance passing few hours. On a 30 min chart, we could see that last run up respected fibo levels, and if it bounces around 110k on this correction (red box), we are likely to see a 5th wave of elliot run-up all the way to next fibo target (blue box), which is between 178-191k sat.

Nota

Watch our for that red box, if it breaks below, further correction might occur

Trade attivo

Nota

Volume reduction of overall binance markets delayed next wave. BTC going sideways. Anytime with volume increase we should see the next leg up

Nota

Bottom of redbox acted as support level and bounced. Need more volume to reach target.

Trade attivo

Redbox acted as support twice and previous ATH has been broken. Target still the same.

Nota

Nota

Strong Trend Line (pink) formed. If it holds up until target, we will be reaching it around 23h (11PM UTC) of Friday 12nd

Trade attivo

Blue box almost touched. Pink trend line intact. Still looking good for our target.

Nota

Pink trendline better drawn. We are aproaching our target.

Trade chiuso: obiettivo raggiunto

DoctorKayle

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