BNB has strongly respected the 2.618 Fibonacci retracement — often the most decisive level in Fibonacci analysis. Historically, this zone signals a potential turning point, and on the 1D chart, the odds of a trend reversal are high.

The Elliott Wave count also appears complete, with the 5th wave finalized — a classic sign that the bullish cycle could be over.

On lower timeframes, a clear ABC corrective pattern is emerging, reinforcing the view that the previous bullish leg has ended and a new downward move may be starting.

Summary:

✅ Fibonacci 2.618 respected

✅ Elliott Wave 5 complete

✅ ABC correction forming

#BNBBreaksATH

BNB/USDT Perp — 836.68 (-0.96%)