Binance Coin (BNB): One More Lower Low Likely

SUMMARY

Long ago, yes, 21 days; I had projected BNB to hit $15.76. That was exceeded to $25.20 as shown in the second chart below.

The below chart has been labeled to show an expanded flat. The red C wave has been sublabled to show a potential target of $7.96. Based on current count, there it seems likely to have one more lower low; though not required. If price reaches another higher high towards $17.97; then a chance of a new all time high holds. But that's the alternate count.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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