LIVEEuroChartCreator
@EuroChartCreator
Focus on #BTCEUR and #BNBEUR charts, occasionally also EURUSD and STOXX. Big fan of #Elliottwave.
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BTCEUR 24Q2 review
Filtering out intraday noises, #BTCEUR monthly has been in a very tight range since BTC struck a ATH in March.
Looking closer at the weekly, the "drop" from the March top has been corrective and looks more like a consolidation/bull flag than a crash. Again from last week: even a drop into 45k #EUR is very bullish, a typical target range of 4th #Elliottwave is the 0.236-0.382 retracement of the 3rd, in this case roughly 52k-45k. Warning for long term holders: under 34k is not good!
Getting to the daily, typical targets for the ABC pattern are 1.0/1.236/1.618 extension of A, here 52k-49k-45k. Where did I hear that range before?
While I much prefer a lower low to be seen, to be more confident about the pattern but also to be able to buy more, we're technically close enough to declare the first target of 52k has been reached. It would be a pity if the correction ends here.
Attention check: without going back to the monthly chart above, did you notice the drop since July?
Now sentiment check: did you panic for the drop of the last few days? Should you?
#BTCanalysis
Looking closer at the weekly, the "drop" from the March top has been corrective and looks more like a consolidation/bull flag than a crash. Again from last week: even a drop into 45k #EUR is very bullish, a typical target range of 4th #Elliottwave is the 0.236-0.382 retracement of the 3rd, in this case roughly 52k-45k. Warning for long term holders: under 34k is not good!
Getting to the daily, typical targets for the ABC pattern are 1.0/1.236/1.618 extension of A, here 52k-49k-45k. Where did I hear that range before?
While I much prefer a lower low to be seen, to be more confident about the pattern but also to be able to buy more, we're technically close enough to declare the first target of 52k has been reached. It would be a pity if the correction ends here.
Attention check: without going back to the monthly chart above, did you notice the drop since July?
Now sentiment check: did you panic for the drop of the last few days? Should you?
#BTCanalysis
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BNBEUR weekly in breakout posture
After briefly poked above the double top of 2021, #BNB spent 2 months consolidating in a ascending triangle.
Today it finally breaks out to the upside potentially aiming at 700-788 #EUR . #BNBEUR should now remain above the breakout level around 580 on a daily close base, otherwise it would invalidate this bullish outlook.
Today it finally breaks out to the upside potentially aiming at 700-788 #EUR . #BNBEUR should now remain above the breakout level around 580 on a daily close base, otherwise it would invalidate this bullish outlook.
EURUSD 24Q2 review
Take the super long term #EURUSD chart with a grain of salt, but beside the usual fib levels, the region around 1.15 also seems interesting.
For the next few months or even years, the Jul.2006 top is much more relevant. Off that top the #euro falls against the #dollar in a very corrective fashion and I can argue for a #Elliottwave diagonal being completed. As long as 1.05 holds, immediate path to the upside should reach 1.16 minimally, while 1.24 seems to be a strong resistance.
Back on Binance one can take advantage of the Zero Fee Promotion for the EUR/USDC trading pair. Even with sippage due to low volume, it still has a very interesting structure on the hourly: a flat correction retracing 0.618. I would watch the last two lows, 1.06 and 1.03, closely if attempting long #EUR
For the next few months or even years, the Jul.2006 top is much more relevant. Off that top the #euro falls against the #dollar in a very corrective fashion and I can argue for a #Elliottwave diagonal being completed. As long as 1.05 holds, immediate path to the upside should reach 1.16 minimally, while 1.24 seems to be a strong resistance.
Back on Binance one can take advantage of the Zero Fee Promotion for the EUR/USDC trading pair. Even with sippage due to low volume, it still has a very interesting structure on the hourly: a flat correction retracing 0.618. I would watch the last two lows, 1.06 and 1.03, closely if attempting long #EUR
LISTA/BNB one-off charting
Got some free LISTA (many thanks to Binance Megadrop!) and #LISTABNB seems to have a very interesting #Elliottwave structure: an impulsive 5th wave went right into the 1.764 extension, slightly exceeding 0.618 of the 3rd and the rising wedge, and got rejected from ATH.
The drop looks impulsive but arguably only 3 waves so far so immediate path higher still possible if 0.0012 holds and back above 0.0014 would make a stronger case for that. However if a fifth wave forms, probably in the ballpark of 0.0011xxx then a much larger drop likely follows after a corrective sideways-to-up action.
As is right now, I like $BNB more and therefor sold some LISTA. Please note though, charting in minutes and charting new coin are both not very reliable, so this post is a combination of both and should be taken with a huge grant of salt.
I'm probably not gonna look at the LISTABNB trading pair for a long time, until it gets more trading history or unless LISTA gains more traction and can be traded against #EUR . I do plan to review the weekly/monthly charts of #BTCEUR and #BNBEUR this weekend after the quarter close: longterm charts, of major coins, against major fiats, are much more reliable.
The drop looks impulsive but arguably only 3 waves so far so immediate path higher still possible if 0.0012 holds and back above 0.0014 would make a stronger case for that. However if a fifth wave forms, probably in the ballpark of 0.0011xxx then a much larger drop likely follows after a corrective sideways-to-up action.
As is right now, I like $BNB more and therefor sold some LISTA. Please note though, charting in minutes and charting new coin are both not very reliable, so this post is a combination of both and should be taken with a huge grant of salt.
I'm probably not gonna look at the LISTABNB trading pair for a long time, until it gets more trading history or unless LISTA gains more traction and can be traded against #EUR . I do plan to review the weekly/monthly charts of #BTCEUR and #BNBEUR this weekend after the quarter close: longterm charts, of major coins, against major fiats, are much more reliable.
#BTCEUR weekly chart update for those not actively trading: $BTC is in solid uptrend above 45k #EUR so don't get shaken out by intraday swing, this healthy consolidation can be viewed as 4th #Elliottwave or bull flag.
LIVEEuroChartCreator
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#BTCEUR Aggressive short stop should now be downed to 59k #EUR or lower. Very micro I can see a 4th #Elliottwave forming so expecting at least one more low. Still no setup for aggressive long $BTC , though eyeing 56k for potential bottom at least on the hourly.
#BTCEUR Aggressive short stop should now be downed to 59k #EUR or lower. Very micro I can see a 4th #Elliottwave forming so expecting at least one more low. Still no setup for aggressive long $BTC , though eyeing 56k for potential bottom at least on the hourly.
LIVEEuroChartCreator
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#BTCEUR dips into my sub 60k #EUR target zone from last week so I'm starting to look for bottoming structure for $BTC : on the hourly I think we will still get a lower low under 59311 but positive divergence has been building up, though no setup for aggressive long at the moment. Aggressive short can move stop from 62k down to 61500.
For the #Elliottwave nerds, the overall structure of the decline from the 66k top is clearly corrective so don't bother about the subwaves, just remember that the last leg of a diagonal can be sharp, as well as the reversal that follows.
For the #Elliottwave nerds, the overall structure of the decline from the 66k top is clearly corrective so don't bother about the subwaves, just remember that the last leg of a diagonal can be sharp, as well as the reversal that follows.
#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
LIVEEuroChartCreator
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BNBEUR still below 580 cluster
$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
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
#BTCEUR dips into my sub 60k #EUR target zone from last week so I'm starting to look for bottoming structure for $BTC : on the hourly I think we will still get a lower low under 59311 but positive divergence has been building up, though no setup for aggressive long at the moment. Aggressive short can move stop from 62k down to 61500.
For the #Elliottwave nerds, the overall structure of the decline from the 66k top is clearly corrective so don't bother about the subwaves, just remember that the last leg of a diagonal can be sharp, as well as the reversal that follows.
For the #Elliottwave nerds, the overall structure of the decline from the 66k top is clearly corrective so don't bother about the subwaves, just remember that the last leg of a diagonal can be sharp, as well as the reversal that follows.
BNBEUR still below 580 cluster
$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
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
#BTCEUR on track to the sub 60k #EUR level from last week, we should see a bounce soon at least on the hourly.
Not sure $BTC will get enough support there on the daily though as the retracement of the supposed 3rd in #Elliottwave term is getting deep. The old "long waring" at 62k can now be used as an early signal if you were aggressive short.
Not sure $BTC will get enough support there on the daily though as the retracement of the supposed 3rd in #Elliottwave term is getting deep. The old "long waring" at 62k can now be used as an early signal if you were aggressive short.
I'm not wild about $ETH at the moment despite the ETF hype, as #ETHEUR haven't been able to take out the 2021 top unlike BTC or BNB. For the immediate path higher in #Elliottwave term I would not want to see it drop under 2700 #EUR
While #BNBEUR holding itself above the red channel is initially a good sign, the sideways action looks increasingly like a 4th wave in #Elliottwave term, with at least one more lower low to go on the hourly. 582 #EUR remains a reasonable stop for aggressive short.
The sideways consolidation on the #BTCEUR weekly is very bullish in #Elliottwave term, even a drop into 45k #EUR would not invalidate the case that $BTC is in a longterm bull market, but that would be more than 25% down from current price, so position size is very important.
#BNBEUR has a decent chance to bottom here on the hourly level, it's getting back above the red channel and I can make case for 5 waves up in #Elliottwave term, 582 #EUR can be used as aggressive short stop for the next few hours. Just be mindful that $BNB is still in a down trend on the daily so 554 is a good stop for aggressive long. On the weekly it's solidly in a uptrend.
BNBEUR hourly 530 vs 580
$BNB clearly posted a 3 waves up in #Elliottwave term, off the 511.4 low and reversed quickly below the 2021 double top.
First sign of new bullish trend will be back above the upper half of the red channel ~= the important level of 580 #EUR
Until then I'm watching bottoming structure for #BNBEUR around 530:
Failing to hold 530 on the daily, or 504 as intraday signal, next major support will probably not be found until the lower 400 region:
First sign of new bullish trend will be back above the upper half of the red channel ~= the important level of 580 #EUR
Until then I'm watching bottoming structure for #BNBEUR around 530:
Failing to hold 530 on the daily, or 504 as intraday signal, next major support will probably not be found until the lower 400 region:
The #eurusdt pair does a decent job at tracking the #EURUSD fx rate on the daily level, while the hourly slippage due to low volume makes it difficult to trade.
But sometimes even slippage has interesting structure and I can make case for 3 waves down retracing exactly 0.618, after 5 wave up in #Elliottwave term.
$EUR holders who are planning a visit in the dollar region in the next few months might want to start thinking about the exchange as I think the #euro is in a structural uptrend against the #dollar eyeing 1.16 and potentially 1.2+.
One can opportunistically put some small buy orders below current price to capture potential slippage.
But sometimes even slippage has interesting structure and I can make case for 3 waves down retracing exactly 0.618, after 5 wave up in #Elliottwave term.
$EUR holders who are planning a visit in the dollar region in the next few months might want to start thinking about the exchange as I think the #euro is in a structural uptrend against the #dollar eyeing 1.16 and potentially 1.2+.
One can opportunistically put some small buy orders below current price to capture potential slippage.
LIVE
Binance Announcement
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EUR Spot Campaign: Trade EUR to Get Up to 250 USDC in Token Voucher!
Fellow Binancians,
Binance has launched a new promotion for users in the Euro (EUR) zone. During the Activity Period, users who click [Register Now] on the Activity page and trade a minimum of 100 EUR on any of the available EUR spot trading pairs (including both buy and sell transactions), will be eligible for rewards.
Activity Period: 2024-06-13 12:00 (UTC) - 2024-06-26 12:00 (UTC)
Each eligible user may qualify to receive up to 250 USDC in token voucher as per the rewards structure below. Rewards will be distributed to a limited number of qualified users in each tier on a first-come, first served basis.
The final token voucher reward received by each qualified user depends on their total EUR trading volumes on Binance Spot during the Activity Period.
EUR Reward Structure
TierMinimum EUR Trading Volume on Binance Spot During Activity PeriodUSDC Token Voucher Reward Per Each Qualified UserNumber of Qualified Users1500,000250202100,0005075310,0002515041,0003500510011,000
Join the Promotion Now!
Terms & Conditions
Only verified users who click [Register Now] on the Activity page during the Activity Period will be eligible for any rewards.This Activity is open to retail users only. VIP and institutional clients are not eligible to participate in this Activity.Each user may qualify for a maximum of one reward on a first-come, first-served basis.Token voucher rewards will be distributed to eligible users within 14 working days after the Activity ends. Users may check their rewards via Account > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.A sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice at any time, including but not limited to canceling, extending, terminating, or suspending this Activity, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-13
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Binance has launched a new promotion for users in the Euro (EUR) zone. During the Activity Period, users who click [Register Now] on the Activity page and trade a minimum of 100 EUR on any of the available EUR spot trading pairs (including both buy and sell transactions), will be eligible for rewards.
Activity Period: 2024-06-13 12:00 (UTC) - 2024-06-26 12:00 (UTC)
Each eligible user may qualify to receive up to 250 USDC in token voucher as per the rewards structure below. Rewards will be distributed to a limited number of qualified users in each tier on a first-come, first served basis.
The final token voucher reward received by each qualified user depends on their total EUR trading volumes on Binance Spot during the Activity Period.
EUR Reward Structure
TierMinimum EUR Trading Volume on Binance Spot During Activity PeriodUSDC Token Voucher Reward Per Each Qualified UserNumber of Qualified Users1500,000250202100,0005075310,0002515041,0003500510011,000
Join the Promotion Now!
Terms & Conditions
Only verified users who click [Register Now] on the Activity page during the Activity Period will be eligible for any rewards.This Activity is open to retail users only. VIP and institutional clients are not eligible to participate in this Activity.Each user may qualify for a maximum of one reward on a first-come, first-served basis.Token voucher rewards will be distributed to eligible users within 14 working days after the Activity ends. Users may check their rewards via Account > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.A sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice at any time, including but not limited to canceling, extending, terminating, or suspending this Activity, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-13
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
#BTCEUR still within multi-weeks range of 62k-65k, but increasingly likely to revisit 60k #EUR
Just a reminder though that even with a drop under 50k, $BTC still have a very bullish structure in #Elliottwave term.
Just a reminder though that even with a drop under 50k, $BTC still have a very bullish structure in #Elliottwave term.
LIVEBinance Announcement
--
EUR Spot Campaign: Trade EUR to Get Up to 250 USDC in Token Voucher!
Fellow Binancians,
Binance has launched a new promotion for users in the Euro (EUR) zone. During the Activity Period, users who click [Register Now] on the Activity page and trade a minimum of 100 EUR on any of the available EUR spot trading pairs (including both buy and sell transactions), will be eligible for rewards.
Activity Period: 2024-06-13 12:00 (UTC) - 2024-06-26 12:00 (UTC)
Each eligible user may qualify to receive up to 250 USDC in token voucher as per the rewards structure below. Rewards will be distributed to a limited number of qualified users in each tier on a first-come, first served basis.
The final token voucher reward received by each qualified user depends on their total EUR trading volumes on Binance Spot during the Activity Period.
EUR Reward Structure
TierMinimum EUR Trading Volume on Binance Spot During Activity PeriodUSDC Token Voucher Reward Per Each Qualified UserNumber of Qualified Users1500,000250202100,0005075310,0002515041,0003500510011,000
Join the Promotion Now!
Terms & Conditions
Only verified users who click [Register Now] on the Activity page during the Activity Period will be eligible for any rewards.This Activity is open to retail users only. VIP and institutional clients are not eligible to participate in this Activity.Each user may qualify for a maximum of one reward on a first-come, first-served basis.Token voucher rewards will be distributed to eligible users within 14 working days after the Activity ends. Users may check their rewards via Account > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.A sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice at any time, including but not limited to canceling, extending, terminating, or suspending this Activity, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-13
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Binance has launched a new promotion for users in the Euro (EUR) zone. During the Activity Period, users who click [Register Now] on the Activity page and trade a minimum of 100 EUR on any of the available EUR spot trading pairs (including both buy and sell transactions), will be eligible for rewards.
Activity Period: 2024-06-13 12:00 (UTC) - 2024-06-26 12:00 (UTC)
Each eligible user may qualify to receive up to 250 USDC in token voucher as per the rewards structure below. Rewards will be distributed to a limited number of qualified users in each tier on a first-come, first served basis.
The final token voucher reward received by each qualified user depends on their total EUR trading volumes on Binance Spot during the Activity Period.
EUR Reward Structure
TierMinimum EUR Trading Volume on Binance Spot During Activity PeriodUSDC Token Voucher Reward Per Each Qualified UserNumber of Qualified Users1500,000250202100,0005075310,0002515041,0003500510011,000
Join the Promotion Now!
Terms & Conditions
Only verified users who click [Register Now] on the Activity page during the Activity Period will be eligible for any rewards.This Activity is open to retail users only. VIP and institutional clients are not eligible to participate in this Activity.Each user may qualify for a maximum of one reward on a first-come, first-served basis.Token voucher rewards will be distributed to eligible users within 14 working days after the Activity ends. Users may check their rewards via Account > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.A sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice at any time, including but not limited to canceling, extending, terminating, or suspending this Activity, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-13
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
LIVEEuroChartCreator
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Bullish
#BNBEUR setup for the next few hours:
Taking a small $BNB long here against 622 #EUR as I can make a argument for 5 waves up #Elliottwave
Minimal target measured move to 639, max loss 0.90%.
Taking a small $BNB long here against 622 #EUR as I can make a argument for 5 waves up #Elliottwave
Minimal target measured move to 639, max loss 0.90%.
BTCEUR still not made up its mind
While the stops from last week are no longer stops, their price levels remains highly relevant as #BTCEUR is still trading mainly in range of 3 weeks ago, between 62k-65k #EUR
I'm currently watching two #Elliottwave path:
blue as diagonal to retest the March top north of 67k;pink as impulse down to the 2021 top around 60k;
I'm giving blue path a slight edge at the moment as $BTC is still on top of the symmetrical triangle but there's a lot of air under 63k. In the very short term aggressive trader can use 65.7k as short stop or 63.6k as long stop.
I'm currently watching two #Elliottwave path:
blue as diagonal to retest the March top north of 67k;pink as impulse down to the 2021 top around 60k;
I'm giving blue path a slight edge at the moment as $BTC is still on top of the symmetrical triangle but there's a lot of air under 63k. In the very short term aggressive trader can use 65.7k as short stop or 63.6k as long stop.
#BNBEUR setup for the next few hours:
Taking a small $BNB long here against 622 #EUR as I can make a argument for 5 waves up #Elliottwave
Minimal target measured move to 639, max loss 0.90%.
Taking a small $BNB long here against 622 #EUR as I can make a argument for 5 waves up #Elliottwave
Minimal target measured move to 639, max loss 0.90%.
LIVEEuroChartCreator
--
BNBEUR approaching intermediate top
After #BNBEUR breaking out of a triangle to the upside, the target of 700+ #EUR from Wednesday becomes even more realistic. However, several indicators are showing negative divergence on the daily and weekly. Given triangle in #Elliottwave term is either a 4th wave or b wave formation, with only one last leg to go, one should be cautioned that the current rally will end soon and a sizable correction will follow in probably a few weeks. Longterm $BNB buyer should be able to get a better entry in Q3 or Q4.
On the weekly chart while several projections point to the 750 region, one should pay close attention to the breakout level around 580, with 13 SMA as last defense.
On the very short timeframe, the 617 level from Friday is still holding, I'm now moving it a bit lower to 616 as stop for agressive long, and adding 655 as stop for agressive short = confirmation of upside continuation.
On the weekly chart while several projections point to the 750 region, one should pay close attention to the breakout level around 580, with 13 SMA as last defense.
On the very short timeframe, the 617 level from Friday is still holding, I'm now moving it a bit lower to 616 as stop for agressive long, and adding 655 as stop for agressive short = confirmation of upside continuation.