BNB has been in a correction since the start of December '24. And as time went by, it developed into an combo correction.
I believe we are at the end of the purple B-wave of the green (Y) wave.
We are right now finithing the white ((c)) wave of purple B wave, so we are going to see a small wave up until around the 630-640 level. And after this the purple C wave is going to take on downwards.
And since very rarely the c wave has a shorter timespan than the a wave, we are not going to see this correction end until the end of may/ start of june.
I believe the purple C wave are going to take us down to the 382 level in that yellow box.
The 383 level is the 61.8% retracement of the primary white ((1)) wave. And this level is also roughly around the 100% Fib level of the purple A wave.
If price comes to the green box I've drawn out. I belive that would be a good time to start looking for a confirmation to short.
I believe we are at the end of the purple B-wave of the green (Y) wave.
We are right now finithing the white ((c)) wave of purple B wave, so we are going to see a small wave up until around the 630-640 level. And after this the purple C wave is going to take on downwards.
And since very rarely the c wave has a shorter timespan than the a wave, we are not going to see this correction end until the end of may/ start of june.
I believe the purple C wave are going to take us down to the 382 level in that yellow box.
The 383 level is the 61.8% retracement of the primary white ((1)) wave. And this level is also roughly around the 100% Fib level of the purple A wave.
If price comes to the green box I've drawn out. I belive that would be a good time to start looking for a confirmation to short.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.