Technical analysis by Maddox_Metrics about Symbol BNB on 11/8/2025

Price appears to have completed wave (1) at the R1 pivot and has retraced to the daily 200EMA, 0.5 Fibonacci retracement and S1 pivot so far. A tough nut to crack. Wave (2) appears complete with a textbook ABC correction ending at strong support. The downtrend is intact, so the probability is still to the downside until the structure flips. 📈 Daily RSI has not reached oversold and is still bearish with no divergences 👉 Continued downside loses the 200EMA and brings up the Golden pocket as support $740