Binance Coin / TetherUS

Short

Updated

A perfect Wyckoff distribution top

Everything is in the chart. In my previous article on BNB I said it would have to test 27 USD before rallying to 50 USD because of divergence in the indicators. But it rallied to 40 USD without testing. I wasn't able to see that it was playing wyckoff distribution top then.

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I am realising the power of line charts to look for the reversal patterns correctly.

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Buy it in the range 15 to 20 usdt. Here is my elliot wave analysis.

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Some more TA

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Wave B started

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Some TA

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Updated analysis after improving my elliott wave analysis -

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Related publications

More likely to 27$ before further upside movement to 50$ -55$.

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.

Related publications

More likely to 27$ before further upside movement to 50$ -55$.

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.