pretty simple:
following EW, A B C down trend looks like its complete but can not confirm until we breach B of the down trend.
MACD bullish
RSI showing we could have a slight pull back soon for a good buying position
following EW, A B C down trend looks like its complete but can not confirm until we breach B of the down trend.
MACD bullish
RSI showing we could have a slight pull back soon for a good buying position
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Safe play here is to watch and look to enter around 16800 when the trend is confirmed.
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Typically in EW we would expect the bottom of the last wave of the down trend to drop below the bottom of the 1st wave of the down trend; waves A & C. Here we have relatively the same bottoms for waves A & C. This being said, there is a chance we could drop below 14000. This is another reason I recommend waiting for confirmation of a trend reversal.
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BNB dropped as anticipated providing a nice wave C. Chart will be posted with buy zone!
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Cancel last comment looking at wrong charts. BNB still above the 14000
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BNB still ready to enter, lets see where its heading with recent market dip.
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still not ready *