As per Elliott Wave analysis Binance Coin - BNBUSD is not at the May lows yet, so ideally we will see a five-wave cycle within (C), where current intraday consolidation can be as part of sub wave 4. However, any bigger recovery might be signal for more complex wave (B) correction labeled as ALTernate count that can still retest 400-500 resistance zone before a continuation lower
BNBUSD 4h Elliott Wave Analysis Chart
