Based on the latest crypto analysis, I present my revised perspective on Binance Coin. The analysis suggests that the corrective phase of Wave (B) concluded in June 2022, finding support at $183.
Presently, we seem to be entering the initial phases of a 5-Wave Movement for Wave (C). Confirmation of Wave 3 initiation comes with a breach above $340. I consider the range between $183 and $340 as the optimal buying zone, and I anticipate the price to hover within this range, possibly until around April, influenced by the Bitcoin halving. During this period, it is advisable to employ dollar-cost averaging.
The 20K target is based on the measured move for the 10,000% upward movement observed in Wave (A). I will provide further updates as the accumulation phase gradually nears its conclusion.
Presently, we seem to be entering the initial phases of a 5-Wave Movement for Wave (C). Confirmation of Wave 3 initiation comes with a breach above $340. I consider the range between $183 and $340 as the optimal buying zone, and I anticipate the price to hover within this range, possibly until around April, influenced by the Bitcoin halving. During this period, it is advisable to employ dollar-cost averaging.
The 20K target is based on the measured move for the 10,000% upward movement observed in Wave (A). I will provide further updates as the accumulation phase gradually nears its conclusion.
