Key Points
- Binance Coin has established a lower trough at $582.64.
- Blue wave v is now labeled at the purple wave (iii) low.
- The next projected recovery belongs to a higher-degree correction.
BNBUSD Price
BNBUSD traded at $586.44 at 11:55 a.m. New York time, close to its latest marked low and beneath the $622.15 reference recorded in the preceding analysis.
BNBUSD Elliott Wave Analysis
The corrective recovery anticipated in the November 13 Binance Coin analysis has been followed by another bearish extension.
The updated count places blue wave iv within the completed price structure, followed by wave v at the latest trough, provisionally marking purple wave (iii).
Attention now shifts to a potential purple wave (iv) rebound toward the 38.2% Fibonacci retracement. The projected advance would represent a higher-degree correction rather than confirmation of a bullish reversal.
Technical Analysis — November 14, 2026
- Trend: Bearish on H4.
- Structure: Blue wave v at purple (iii).
- Latest Low: $582.64.
- Fibonacci: 38.2% projected retracement.
- Outlook: Corrective rebound, then renewed downside.
Trader's Question: Has Binance Coin confirmed the end of its third wave?
Not yet. The latest low carries a provisional wave label; a developing corrective recovery would provide additional evidence that the next wave has begun.
