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*See images for Weekly and Daily-4H details.
So... BNB is on full green since bouncing in lower weekly FVG area (reg rectangle) which is positive, BUT it has not travelled it fully. If the market goes red, it is likely BNB will go 730-700 USD.
1. On a long term view applying fibonacci to last ATH cycle to nearly 800 USD, it indicates a potential momentum to 940-1040 area.
2. Reload buy area when the market will go bear (at some point) would then be in the 635 - 585 USD.
3. Last weekly FVG is in the are of 740 - 700 USD rnage. Which would be a next buy area if the market goes south again.
Now, currently we are in a 4H channel that is very similar to the previous one and BNB is hunting for all former daily highs ! So let's speculate that this partern will accelerate to match former ATH at 861 USD. Here is something to try with small amounts at the following levels approx :
- Sell 795 - Buy 765 - Sell 815 - Buy 795 - Go for ATH.
As long as Bitcoin is up, BNB is very likly to hit ATH soon again, and symetry is often a sign for serious buyers plans.
Let me know your thoughts. Will you try this ?
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