BNBUSD Parabolic Bubble Burst and Bounce
Bearish near-term, and Bullish Long-term.
BNBUSD has made a nice parabolic move to ATH of 347 and has recently been trending down. Where can it go from here?
In my view, I see 4 bases and 3 of those could be where this ends up at before it recovers. After peaking, parabolic curves can drop as far as the first Base of support before recovering.
Wherever it goes, we will have to wait and see. Personally, I hoping to get in at Base-1. But if it recovers after hitting Base-2 or 3 that's still ok with me as I think it will recover to new ATH's.
BNBUSD has made a nice parabolic move to ATH of 347 and has recently been trending down. Where can it go from here?
In my view, I see 4 bases and 3 of those could be where this ends up at before it recovers. After peaking, parabolic curves can drop as far as the first Base of support before recovering.
Wherever it goes, we will have to wait and see. Personally, I hoping to get in at Base-1. But if it recovers after hitting Base-2 or 3 that's still ok with me as I think it will recover to new ATH's.
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