#BNB - forming a trend continuation wave structure đ
Despite the market correction, #BNB shows strong dynamics, establishing itself above the new support at $300. After a rejection from this level, the coin rebounded back into the area of interest.
Note that the rise to the 3rd wave amounted to 1.618 the length of the 1st wave. The correction towards the peak of the parallel channel is indicative of the development of movement in the 4th wave.
đ§âđA simple calculations show the peak of the 5th wave in the range of $380 - $395. Before moving higher, there is a high probability of retesting the $300 level.
If this support rejects the sellers once again, I plan to open a long position on #BNB with targets around $380.
