If we take a look on BNBBTC daily chart , we can clearly see it unfolding a bigger, higher degree (A)-(B)-(C) correction. Currently we can see it trading in final stages of an A-B-C pullback within wave (B). That can be followed by another sell-off within wave (C), similar as in May 2021.
Elliott Wave Analysis: BNBBTC Is Looking For Wave (C) by ew-forecast on TradingView.com
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