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BGB NEXT MOVE
BGBUSDT SPOT BITGET:BGBUSDT
GARIENF1
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After analyzing the BGB token today, I noticed that it has completed a complex wave 4 and seems to be heading for a wave 5, which would be confirmed with the breaking of a descending wedge, indicating a projection at 1.35. In addition, this movement is in line with the breakout of the weekly high, with the prospect of reaching the monthly and annual highs. The 61.8% Fibonacci projection suggests a target at 1.54. In the event of a retest of the wedge, with support failing at 1.167, the possible points of return could be around 1 and the majority value of sentiment, which is 0.84523. At the moment, I maintain an optimistic (or "autistic") outlook as long as the price remains above the trend line indicated by the GF1 indicator, which is currently at 1.224.
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