pretty simple:
following EW, A B C down trend looks like its complete but can not confirm until we breach B of the down trend.
MACD bullish
RSI showing we could have a slight pull back soon for a good buying position
following EW, A B C down trend looks like its complete but can not confirm until we breach B of the down trend.
MACD bullish
RSI showing we could have a slight pull back soon for a good buying position
Note
Safe play here is to watch and look to enter around 16800 when the trend is confirmed.Note
Typically in EW we would expect the bottom of the last wave of the down trend to drop below the bottom of the 1st wave of the down trend; waves A & C. Here we have relatively the same bottoms for waves A & C. This being said, there is a chance we could drop below 14000. This is another reason I recommend waiting for confirmation of a trend reversal.Note
BNB dropped as anticipated providing a nice wave C. Chart will be posted with buy zone!Note
Cancel last comment looking at wrong charts. BNB still above the 14000Note
BNB still ready to enter, lets see where its heading with recent market dip.Note
still not ready *
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.