Welcome to "Bull Zone". After it hits my target of wave ii. This might be the move for wave iii which has possible to hit one of it target showed on my analysis.
We are likely to be in Correction Wave of the "Suoer Cycle" of ETH. Now, we tend to be in the sub non-standard wave "the double zigzag", price may hit A then C soon.
This is the analysis for BNB in TF 30m. It would be the non-standard correction before hit the B of correction flat from the previous analysis that I did.
This is the "megatrend" analysis by the Elliott wave theory. It's confirmed that we pass the big correction and ongoing to wave 3 which have target before making correction again. However, the wave 3 target is still ambiguous to be confirmed. It might be the Fibo 1.00 if it is the normal impulse wave but it might be the Fibo 1.618 if it is an extension impulse wave.
The same target as "Gold 19/10/2020", we are still in the Correction Flat. This is the Elliot wave analysis in the smaller time frame. Showing that It's likely to be the Double Flat Correction after the end of Zigzag Correction. However, there are still possible for Tripple Flat if this trend is still ongoing.
BNB is likely to be in Correction Flat Weak B. Honestly, there are other possible ways. if wave B retraces more than 1.00. the wave C target might be changed to be lower (when it was Strong B, Running Flat, or Normal B.)
This is one of the possible ways. It might be ready for "Big Bull Market" in a very soon.
Now, we are likely to be on sub wave of triangle correction. However, in a very short peroid of day trade. We are on the end of this correction wave which has target at 5.8 then will be in impulse wave (bullish) later.
Now, we are likely to be on sub wave of correction. However, in a very short peroid of day trade, We are on the wave C which has target at 1875.
Now, we are likely to be on sub wave of correction. However, in a very short peroid of day trade. We are on the wave B which has target at 1920 then will be in wave C later.
Now, we are likely to be on sub wave of correction-zigzag after reach target 100% of Fib Extension of impulsive wave 1. However, the important thing is this corrective sub wave was still in the impulsive wave, meaning that we are face the risk of trend line. So, please take profit/cut loss by your decision, depending on your discretion and experiance.
Look like we got 2 divergent signals, its might be the confirmation of wave 2 and 4.