$20 Target - At start of 5 wave and maybe start of huge run
BNB is following a common pattern most cryptos are on where it just completed the end of a 4 wave and is working on wave 5 of an impulse.
Also like most cryptos, its 5 wave fib extension region matches with a prior congestion region. For BNB it's about 21 or so. I think scaling out of longs between 19 and 21 would be reasonable.
There is also the possibility that this is the start of a huge run up because it's going parallel with several pitchforks and could target the median line back toward the high near 40.
I like it both on the short term and long term for longs. I think it has broken out of the downward channel and the 4 wave point actually tagged the back side of it which by itself is very bullish. This is about as ideal a setup as you get.
Also like most cryptos, its 5 wave fib extension region matches with a prior congestion region. For BNB it's about 21 or so. I think scaling out of longs between 19 and 21 would be reasonable.
There is also the possibility that this is the start of a huge run up because it's going parallel with several pitchforks and could target the median line back toward the high near 40.
I like it both on the short term and long term for longs. I think it has broken out of the downward channel and the 4 wave point actually tagged the back side of it which by itself is very bullish. This is about as ideal a setup as you get.
Nota
I went pretty heavy on this, glad I did because it's working great so far!Nota
Time to be selling!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.