Binance Coin - BNBUSD Elliott Wave Analysis

in #crypto • 4 years ago

As per Elliott Wave analysis Altcoin BNBUSD (Binance Coin) looks to be trading within a potential bearish triangle formation in wave (B), so be aware of a sideways consolidation before another decline into wave (C).

However, in case of a bigger rise or jump into 400-500 resistance zone, then we will look for a complex corrective rally within wave (B) labeled as ALTernate count before we will see a sell-off for wave (C).

Binance Coin - BNBUSD 4h Elliott Wave Analysis Chart

binance.png

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

#elliottwave #binace #bnbusd
4 years ago in #crypto by
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