Binance Coin Analyze (BNBUSDT) 🧐

Today, I decided to publish my analysis about Binance Coin and finding Bottoms, after my last post that I published on Apr 21(Topic: Binance Coin Analyze ( BNBUSDT ))!!!

Binance Coin Analyze(BNBUSDT) Timeframe 12H ⏰

Location🌊: Binance Coin passed from wave 5 at 683$, then it started Corrective waves with wave A (wave A had 5 microwaves & has ended=As results, the corrective structure is Zig Zag(5-3-5)). wave B has started at 206$ and it has ended at 431$. now Binance Coin is running on Microwave 5 of main wave C while it passed microwave 4 of main wave C by Rising Wedge. I tried to show the end of main wave C on my chart (BNBUSDT).

The End of Main wave C (End of Corrective Structure) can be around :

Support Zone 1: 229$-208$ (Rising Wedge's Target + Monthly Support 1 + Fib Zone) == TRZ 2 or TRZ 3

Support Zone 2: 183$-164$ (Support Zone + Fib Zone) == TRZ 3

My Suggestion: We have to wait and find the best Triggers for buying Binance Coin on my Support Zones.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.

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