#BNBEUR dips into lower end support, while I certainly can make case for Ending Diagonal in #Elliottwave term, 504 #EUR remains the proof of the pudding. Aggressive trader can use 522 as long stop and 536 as short stop. I'm now favor net movement to the upside for the next few days, a micro lower low first not withstanding. #BNBAnalysis

$BNB got the expected lower low and the subsequent bounce is corrective so far. The #BNBHODLer activity gave a boost from the 536.8 #EUR low but note the rally off the 550 low seems to be 3 waves in #Elliottwave term. If that low holds, measured move to the upside only target 579.1, around the important 580 level for #BNBEUR

Weekly view: look for 420 if under 510, without invalidating the longterm bull case; aggressive long should already have a stop under 540 though.

Bonus: those interested in the potential outperformance of BNBvsSOL should pay close attention to the 0.20-0.16 region of SOLBNB, and I would not want to see it drop under 0.13:

#BNBAnalysis