Binance Coin / TetherUS
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BNB c-wave failure plus CMF bear divergence

BNBUSDT is heading a potential downward leg to complete iv-wave of this channel. On the 4H chart we can see a strong bearish correlation between the price action and Chaikin Money Flow bearish divergence, in which we have a c-wave failure case. The next demand zone is confluent with the Fibonacci retracement projection.
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Potential scenario in case of price action sustains the channeling formation 5-3-5-3-5, leading to complete the wave -A. snapshot
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Fisher Transform provides a reasonable sense of time to plain a swing trading position. In this case, we can speculate a good point to expect for the wave -iii terminus to take profit. Thus, a lower high will be formed at wave -iv, in which peak price can be consider a new level for a second sell position. snapshot
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How much profitable will be the wave -iii?snapshot
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Levels to watch. 1st TP at the local support (circle) is on the table. snapshot
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Likely a bull trap. snapshot
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