$BNB still early or a little late to the party?

Decided to dabble a little bit with CZ's Binance Coin and am greatly amused with what I see.

Granted, there's not a lot of data points to work with, but if the 1D chart is anything to go by, Elliot Wave predicts great things AND maybe bad things:

Scenario 1: We're on the cusp of Wave 3 confirmation -- a breakout of previous's ATH resistance towards higher high targets of $110~ (1.618 fib extension)

Scenario 2: We're still on a boorish countertrending movements -- expect a bounce at previous's ATH ceilings towards Mar 2020's low of $6~

What do you think?

Bình luận:

Nearly 2 weeks has passed and $BNB's price action is still inconclusive -- are we on an impulse Wave 3 climb or a corrective Wave B underway?

My hunch, based on nonchalant trading volume, shrivelling project updates and ongoing investigations, there is distinct lack of euphoria surrounding CZ's Binance Coin.

With all due respect, despite the slight climb, I will endorse patience before taking any fresh positions.