BNB/USDT in Wyckoff "C" phase
Aggiornato
Hello,
BNB create a Wyckoff pattern like a school exaple. I follow the chart and drawet the pattern weeks before. It seems, that chart will be formed according to a regular wyckoff pattern. The chart is supported to reach the spring point by the DXY chart, that seems to make a correction in his downtrend up to ~ 102,5 - 103.
This theorie supports the fact as well, that the Crypto total market cap Chart has been rejected fhom the resistance level at 1.203T, and seems to fall to 1.03 or below.
The BNB formed in the few days a bearish flag, and the RSI and MACD shows too, that we have place for a downtrend.
BNB create a Wyckoff pattern like a school exaple. I follow the chart and drawet the pattern weeks before. It seems, that chart will be formed according to a regular wyckoff pattern. The chart is supported to reach the spring point by the DXY chart, that seems to make a correction in his downtrend up to ~ 102,5 - 103.
This theorie supports the fact as well, that the Crypto total market cap Chart has been rejected fhom the resistance level at 1.203T, and seems to fall to 1.03 or below.
The BNB formed in the few days a bearish flag, and the RSI and MACD shows too, that we have place for a downtrend.
Trade attivo
the pattern seems to be slowly confirmed, i hope some of you had a good opportunity to hop in :)
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