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<ul class="wp-block-list news-points">
 <li>BNB token is about to face the fourth phase of the Wyckoff pattern, claims an analyst.</li>
 <li>BNB will show retracement and fall to lower support levels, MaryParty predicted.</li>
 <li>The altcoin has been moving in the $465 and $610 zone since June.</li>
</ul>
Binance Coin (BNB), the fourth-largest cryptocurrency, has completed the first three phases of the Wyckoff pattern, according to crypto analyst MartyParty. This suggests BNB may avoid a significant correction until a new accumulation phase begins.
MartyParty shared his successful BNB trades based on the Wyckoff pattern in an X post. This technical indicator consists of four phases: accumulation, momentum, distribution, and discount. BNB has progressed through the first three, signaling a potential “retracement” in price.
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 Exactly 4 months of Liquidation Level trading. <a href="https://twitter.com/hashtag/BNB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BNB</a> perfect 3 flushes of the Wyckoff executed over 4 months. Flawless. Now we retrace.<a href="https://twitter.com/hashtag/wegoingup?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#wegoingup</a> <a href="https://t.co/9bVLZc3Zdh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9bVLZc3Zdh</a>— MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1840805618103271812?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 30, 2024</a>
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<a href="https://coinedition.com/czs-next-move-investing-in-tech-after-prison-release/" rel="noopener noreferrer nofollow">Read also: CZ’s Next Move: Investing in Tech After Prison Release</a>
BNB appears to have finished the first three phases, and prices will now likely “retrace,” according to MartyPa…
The post <a href="https://coinedition.com/bnb-completes-wyckoff-pattern-analyst-predicts-retracement/" rel="noopener noreferrer nofollow">BNB Completes Wyckoff Pattern: Analyst Predicts Retracement</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BNB Completes Wyckoff Pattern: Analyst Predicts Retracement

Coin Edition

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