BNB showing some exuberance passing few hours. On a 30 min chart, we could see that last run up respected fibo levels, and if it bounces around 110k on this correction (red box), we are likely to see a 5th wave of elliot run-up all the way to next fibo target (blue box), which is between 178-191k sat.
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Watch our for that red box, if it breaks below, further correction might occur
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Volume reduction of overall binance markets delayed next wave. BTC going sideways. Anytime with volume increase we should see the next leg up
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Bottom of redbox acted as support level and bounced. Need more volume to reach target.
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Redbox acted as support twice and previous ATH has been broken. Target still the same.
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Strong Trend Line (pink) formed. If it holds up until target, we will be reaching it around 23h (11PM UTC) of Friday 12nd
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Blue box almost touched. Pink trend line intact. Still looking good for our target.
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Pink trendline better drawn. We are aproaching our target.