manni84

Descending triangle on BNB weekly charts

manni84 Updated   
BINANCE:BNBUSDT   Binance Coin / TetherUS
BNB Daily and weekly charts seem to be forming a descending triangle pattern. Breakout in either direction will give a decent move. A breakdown from here can take BNB in $40-$50 range as there is no major support in between. Can cause a lot of panic if that happens and we might see BTC testing 20k again. Though it'll be another great time to accumulate for the long term.
Comment:
BNB trying to give a breakout above Blue line after a very long consolidation now
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