Decided to dabble a little bit with CZ's Binance Coin and am greatly amused with what I see.
Granted, there's not a lot of data points to work with, but if the 1D chart is anything to go by, Elliot Wave predicts great things AND maybe bad things:
Scenario 1: We're on the cusp of Wave 3 confirmation -- a breakout of previous's ATH resistance towards higher high targets of $110~ (1.618 fib extension)
Scenario 2: We're still on a boorish countertrending movements -- expect a bounce at previous's ATH ceilings towards Mar 2020's low of $6~
What do you think?
Granted, there's not a lot of data points to work with, but if the 1D chart is anything to go by, Elliot Wave predicts great things AND maybe bad things:
Scenario 1: We're on the cusp of Wave 3 confirmation -- a breakout of previous's ATH resistance towards higher high targets of $110~ (1.618 fib extension)
Scenario 2: We're still on a boorish countertrending movements -- expect a bounce at previous's ATH ceilings towards Mar 2020's low of $6~
What do you think?
My hunch, based on nonchalant trading volume, shrivelling project updates and ongoing investigations, there is distinct lack of euphoria surrounding CZ's Binance Coin.
With all due respect, despite the slight climb, I will endorse patience before taking any fresh positions.