BNB Butterfly Update - Validation and PRZ #1

23 avr. 2021

https://www.tradingview.com/x/Bxi35vab/

ok so everything looking good so far with our (alleged) Butterfly. This is still NOT tradable at this point, the pattern is not valid until final leg "CD" falls l below "B" point of $428.00
PRZ #1 in expectation of, and in preparation for, a valid bullish Harmonic Butterfly Pattern:
< $315.00 Beginning of PRZ #1
<=> $290-$300 Convergence of 1.27XA and 1.618 BC projection
< $275.00 End of PRZ #1

Wait for a confirmed breakout and set up stop loss
I am not a financial or investment professional and do not provide financial advice.

23 avr. 2021

Note

23 avr. 2021

Note

I may be completely wrong on this one!

The daily chart has a much better Bat Pattern setup than the Butterfly on the 1 Hour chart. Monitor closely and wait for breakout before taking Long position. As this highlights I am inexperienced analyst and new to Harmonic Patterns.

This is not trade or investment advice, I am not a finance or investment professional

23 avr. 2021

Note

Watch for a bounce off 428.00. Also it could accelerate hard towards PRZ once the pattern is valid

23 avr. 2021

Note

Butterfly fails Deep Crab possible I am starting to buy (new post)

$450 (point "C" Deep Crab) holds as support
$435-440 stop loss orders
$428 (point "B" Butterfly) fails as support

23 avr. 2021

Note

23 avr. 2021

Note

Might be a Shark but too much uncertainty right now.

Failed Pattern

23 avr. 2021

Note