$BNB – Wave C Unfolding? ⚠️
The Elliott Wave count suggests that #BNB has completed its 5-wave impulsive move and is now deep in a corrective ABC phase.
Right now, we’re mid-way through wave C — with potential landing zones mapped out .
🌀 Wave A-B-C correction in play
If the move extends to:
1.017 Fib = 🔻 $601.25
1.618 Fib = 🔻 $557.83 — deep correction zone, high confluence
Current price: $619.50 — hovering between the two support zones.
My View: $BNB is still not in reversal mode — this looks more like a typical corrective wave after a strong rally.
If $600–$557 holds, we may see bullish continuation in July. But a breakdown below 557 would shift the structure into something more dangerous.
🛑 Short-term caution, but mid-term bullish if support holds.