In a count I did yesterday I wrote about BTC has started the decent, but from what I can see here, I still believe BNB need a little push up before going into a correction of a higher degree.
Right now BNB is in what I count to be purple wave 4.
And there is a chance purple wave 4 has already finished, and we therefor have started the move up in purple wave 5.
One of the guidelines in Kennedy channeling technique, which is a powerful tool in counting Elliott Waves, is that price has not completed wave 4 before tagging the bottom of the acceleration channel. (the blue channel).
Another guideline in Elliott Wave is that wave 4 often retraces down into wave 4 of the previous lower degree. (This area I have marked in the Purple box)
Therefor we could have a little downside left before starting the purple wave 5.
Being optimistic purple wave 4 is done, since I can count an simple zig-zig correction.
A confirmation of wave 4 is done and the purple wave 5 has started, is to wait for price to break the deceleration channel. (the green channel.)
But in either case, I believe BNB still has a wave 5 to finish before the correction down in a higher degree.
Right now BNB is in what I count to be purple wave 4.
And there is a chance purple wave 4 has already finished, and we therefor have started the move up in purple wave 5.
One of the guidelines in Kennedy channeling technique, which is a powerful tool in counting Elliott Waves, is that price has not completed wave 4 before tagging the bottom of the acceleration channel. (the blue channel).
Another guideline in Elliott Wave is that wave 4 often retraces down into wave 4 of the previous lower degree. (This area I have marked in the Purple box)
Therefor we could have a little downside left before starting the purple wave 5.
Being optimistic purple wave 4 is done, since I can count an simple zig-zig correction.
A confirmation of wave 4 is done and the purple wave 5 has started, is to wait for price to break the deceleration channel. (the green channel.)
But in either case, I believe BNB still has a wave 5 to finish before the correction down in a higher degree.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.