BNB Binance Coin - Rocket launch TA
Binance coin literally took off by news from Binance regarding their own blockchain.
Notice how the Superguppy arrows tell a trend change confirmed with a swing arrow right before it took off.
Here is the daily chart. Top and bottom trendlines make a great channel for pink wave 5 to be a repeat of wave 3.
TD Sequential is bull, volume and RSI is also indicating bullish days.
Zooming in to the 30 minute chart and we see a lot of buy volume under the rise to 0.0012150
Currently price seem to create a triangle type ABCDE correction. This could also turn to an ABC, and if that' s the case I think price drop to just below 0.001 minimum. Any amount of FUD in the market for BNB would justify a drop like this IMO.
These are just my thoughts, not a trading advice.
If you have another view on this post your welcome to discuss and post your charts in the comments.
If you'd like my technical analysis on another coin, please ask in the comments.
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