Binance coin should see some more waves up.
Binance coin
Looking like some perfect market structure to see a Ascending triangle cup & handle breakout.
I have seen similar setups before in the early day market cycles of bitshares , digibyte , ripple where they form ascending triangle consolidation patterns then go for very impulsive 5 waves to new all time highs.
we will have to see if the trend line holds as support but for now things are looking good with a short term double bottom forming on the trend line.
First target would be the previous ATH after that you can use fib extensions to find the other targets once we break the all time highs.
this coin reminds me a lot of the early Crypto days when things were very first starting to pump early 2017 making their first market cycles and going for 5 waves.
Apparently Binance is becoming a decentralized exchange also all though I don't trade my markets based on news that is one aspect of this token that could increase its value .
Binance is also a really great company has a huge user base and so the coin is kinda like investing in their company as the price should have somewhat reflect the growth of the user base.
Stay profitable out there.
Looking like some perfect market structure to see a Ascending triangle cup & handle breakout.
I have seen similar setups before in the early day market cycles of bitshares , digibyte , ripple where they form ascending triangle consolidation patterns then go for very impulsive 5 waves to new all time highs.
we will have to see if the trend line holds as support but for now things are looking good with a short term double bottom forming on the trend line.
First target would be the previous ATH after that you can use fib extensions to find the other targets once we break the all time highs.
this coin reminds me a lot of the early Crypto days when things were very first starting to pump early 2017 making their first market cycles and going for 5 waves.
Apparently Binance is becoming a decentralized exchange also all though I don't trade my markets based on news that is one aspect of this token that could increase its value .
Binance is also a really great company has a huge user base and so the coin is kinda like investing in their company as the price should have somewhat reflect the growth of the user base.
Stay profitable out there.
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setting up for 5th wave