• BNB token is about to face the fourth phase of the Wyckoff pattern, claims an analyst.

• BNB will show retracement and fall to lower support levels, MaryParty predicted.

• The altcoin has been moving in the $465 and $610 zone since June.

Binance Coin (BNB), the fourth-largest cryptocurrency, has completed the first three phases of the Wyckoff pattern, according to crypto analyst MartyParty. This suggests BNB may avoid a significant correction until a new accumulation phase begins.

MartyParty shared his successful BNB trades based on the Wyckoff pattern in an X post. This technical indicator consists of four phases: accumulation, momentum, distribution, and discount. BNB has progressed through the first three, signaling a potential “retracement” in price.

Exactly 4 months of Liquidation Level trading. #BNB perfect 3 flushes of the Wyckoff executed over 4 months. Flawless. Now we retrace.#wegoingup pic.twitter.com/9bVLZc3Zdh

— MartyParty (@martypartymusic) September 30, 2024

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BNB appears to have finished the first three phases, and prices will now likely “retrace,” according to MartyPa…

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