My view on BNBUSDT
My view on BNBUSDT.
Price seems to have completed the A move of the correction pattern. In this case A move appears to be a
5 move corrective pattern therefore I expect this corrective phase to be a ZigZag. I expect the B move
to terminate at the 35ish level before before dropping down forming the right shoulder of the HnS pattern.
Potential termination point for the C move would be at the 25-24ish levels, forming the AB=CD pattern as well.
I expect price to continue its rally after completion of the corrective phase.
Price seems to have completed the A move of the correction pattern. In this case A move appears to be a
5 move corrective pattern therefore I expect this corrective phase to be a ZigZag. I expect the B move
to terminate at the 35ish level before before dropping down forming the right shoulder of the HnS pattern.
Potential termination point for the C move would be at the 25-24ish levels, forming the AB=CD pattern as well.
I expect price to continue its rally after completion of the corrective phase.
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