I was expecting a large market dump today but Bnb continues to hold above the 100% fib from previous ATH...which puts the next fib at $40 - My global Mcap chart showed a topping out yesterday, the global mcap chart excluding btc looks healthier though - I'm not fully convinced yet of a further rally for Bnb but this has got me watching it closely, slap in the face full confirmation would be a candle above 28usd
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Last week Bnb broke down thru the 1x3 Gann fib ray in the picture beneath as light blue after being rejected at previous ATH - It went to regain the 1x3 this week and break thru previous ATH - If Bnb can open this sundays candle above $25.08 it stands a good chance of going thru $30 possibly as high as $40
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Someone told me a funny joke today about Bnb re-tracing, Bnb...retracing...haha imagine that - More upside looking more likely each day
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Struggling at 2019 ATH - Also see Bnb/Btc chart beneath for same resistance - I'm pretty sure this will break upwards on the next couple of 240 candles against btc - 0.004 btc level will be a further test, same price in dollars is around $32.50 usdt
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First target on the 4th arc has hit, looking to re-buy around $26.50 - But will be watching bnb closely
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Apologies the arrows should be like so - The light blue 1x3 uptrend needs to hold
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Headed for $40, and possibly much higher...
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Bnb is here on a broader view, sitting on last years uptrend, this chart isnt completed yet, Gann says that, not me :P - Both Total Mcaps of Btc and Alts are above support - you can see 3 of those charts on my page going back to the start of the rally - You would expect a dump here really, but this is cryptos so always expect the unexpected - Good luck ;)
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Resistance here on the 1x4 Gann fib ray, the price could push thru to $40 area or return to the top of the 4th arc and 1x3 Gann fib ray around $33.50 for a bounce and ascending support
