BUSD all time high has occurred twice leading to formation of a relative M pattern.
BUSD retracement is currently at about 40% from the beginning of the BULL RUN that led to the last all time high (ATH).
This asset has been retracing, hitting and retesting the FIB levels as displayed on my TA (chart).
BUSD is currently sitting at $400, FIB 61.8 level, horizontal TL and they are all my support level (zone).
My opinion:
1. Continue bullish run to $440 zone
2. Break the current Support zone and run down to my target buy zone @ $360 - $340. This my target is also at the beginning of the neck of the M-pattern.
I will wait to add more to my portfolio at around my option 2.
KINDLY SUPPORT ME WITH YOUR LIKES, COMMENTS AND FOLLOW.
Note
Buy target achieved at $440 zoneNote
Hoping to see BNB hit my $360 level
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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.