BNB USD Technical analysis
If I'm not mistaken, I believe BNB drew a bat pattern. But given the trend move, the retreat should not be up to 0.618 support. In this case, this not real trend, which indicates that the rising trend is a false uptrend. If this happens, I must reconsider my measurements. I may be wrong.
If BNB continue based on the bat pattern, we can examine the return levels.
Now you can expect the rotation movement to be the bottom where the bat pattern begins. Yes, the information in the book says so. But there are two levels of BD distance. The first is 1.618 and the second is 2.618. This pattern has 2,618 peaks D.
So this in the graphic the bottom can never be where the trend begins. I can talk about it on a bat pattern with 1,618 points. But not in 2.618
Because leg D is 2,618 higher, the support point will be higher than 1,618. So 4. I expect the TP level, which is the wave, to be up to 0.786 support at most. Otherwise, everything I say now will be trash.
I have set future record targets. I did not put measurements in this area so that it would not fill the screen.
When we look at angle degrees, trends always up or down, weakening their angle. I think the angle of BNB I am currently measuring will be weakened by 10 units.
In this case, the estimated destination is the first weekend of September. So the second week of September should start the upward trend again.
We will talk about these updates after BNB fixes .
I will update this analysis again after the first fix.
When I look at the flow of money in the wallet, I think there is still a unstabil group of investors.
The momentum has already weakened.
Note: This is not an investment advice.
If BNB continue based on the bat pattern, we can examine the return levels.
Now you can expect the rotation movement to be the bottom where the bat pattern begins. Yes, the information in the book says so. But there are two levels of BD distance. The first is 1.618 and the second is 2.618. This pattern has 2,618 peaks D.
So this in the graphic the bottom can never be where the trend begins. I can talk about it on a bat pattern with 1,618 points. But not in 2.618
Because leg D is 2,618 higher, the support point will be higher than 1,618. So 4. I expect the TP level, which is the wave, to be up to 0.786 support at most. Otherwise, everything I say now will be trash.
I have set future record targets. I did not put measurements in this area so that it would not fill the screen.
When we look at angle degrees, trends always up or down, weakening their angle. I think the angle of BNB I am currently measuring will be weakened by 10 units.
In this case, the estimated destination is the first weekend of September. So the second week of September should start the upward trend again.
We will talk about these updates after BNB fixes .
I will update this analysis again after the first fix.
When I look at the flow of money in the wallet, I think there is still a unstabil group of investors.
The momentum has already weakened.
Note: This is not an investment advice.
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