The #Elliottwave diagonal green channel keeps working for #BNBEUR and long stop is now up to 510 #EUR
It was a good idea to move the aggressive short stop down to 535 as quoted below and that level now becomes support for short term bull.
Note that $BNB is likely approaching a temporary top as
1. negative divergence is building up on the hourly,
2. the angle of ascent is being flatten,
3. we're now just slightly below the 2021 double top and the March'24 ATH,
4. 557 is both 0.618 retracement off the June high and 1.618 extension off the July low.
Expect more resistance in the near term.
#BNBAnalysis