hi there, dear fellows. with all the subjectivity that channel drawing has, we've identified a downward channel in BNB. it anchors in the top candle on Nov 8th, and bases itself on the bottom of the 2 legs down that followed it. that showed us we've just tested its top last week, and now we're moving down to its bottom, most likely at $50 on late October.
BNB has usually lead the moves BTC did, thus applying the same rules to BTC we've get the following,
we've just tested the mid-channel
we're moving on to test the bottom
we're likely to reach it on late September in the range 9k, 10k.