BNBUSD breaking out in 3rd wave
BNB now has a weekly close above the intraday high from June 2019 as seen on the chart on the left. We are entering an Elliott Wave 3rd wave and it happens to be at all time highs. On the chart on the right, BNB is in either a wave 4 relief rally or a wave 1 trend change. In either case, BNB should do well relative to BTC for the time being.
Note
If you hit the play button on BNBUSD, you can see it's starting to bounce off really nicely from support. What's amazing is that BNBUSD hasn't really had much of a correction along the way in this early phase of wave 3. Sure there's lots of volatile sideways action (Sep-Nov '20, and Jan 21), but nothing at all scary. So we should be in the clear for a strong 3rd wave here.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.