BNB seems prime for a breakout if BTC can hold 7.9K.
The RSI is oversold and it seems like price action is following the upward trendline.
It looks like the 3rd wave of impulses typically fails to breach the 2nd wave peak which is why I plotted the next impulse in such a way.
The purple correction is what could potentially happen if a breakout does not occur and we fall below the trendline.
The RSI is oversold and it seems like price action is following the upward trendline.
It looks like the 3rd wave of impulses typically fails to breach the 2nd wave peak which is why I plotted the next impulse in such a way.
The purple correction is what could potentially happen if a breakout does not occur and we fall below the trendline.