We are currently at wave 5 on wave A correction. Buy anywhere around 14-15 if you dont already hold BNB. Sell around 17-178 for a quick over 10% gain. Buyback on wave C. Wave C buyzone will be updated as more data come in. RSI is still bearish but it is getting weak, indicating that wave A is about to be complete.
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Bigger picture
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There is your bounce for wave A completion, and let see how far Wave B well get.
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will*
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Price is chugging up to the sell zone (wave B). RSI kind of worries me. It's a rising wedge. not a good indication and also BTC is about to Hit top soon with a correction to follow afterward.
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Bearish scenario.
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Look like bearish scenario did happen, Those who did sell, its a good time to buy again. Bullish divergence on RSI
If I'm reading your chart correctly, you have a mistake. The 5th can't be the same height as the 3rd wave
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@SloppySeconds, that's not true at all. elliott wave theory principal only stated: wave 2 cannot retrace more than 100% of Wave 1, Wave 3 can never be the shortest wave, and wave 4 don't overlap into wave 1. anything else is valid.
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