BNB is moving in an ascending channel, which could turn into a bear flag at any moment. The chart has already completed a double top pattern. A bear flag pattern has formed locally; recent news about CZ has provided upward momentum, but the movement has remained within the local bearish pattern
Current price: $1,134
Probable movement according to the pattern to the nearest level of $1080. If the lower channel of the corridor is broken, then with a high probability we can continue the movement to $1000
A speculative breakdown of the bearish scenario is likely if the upper channel is broken at $1225
Important!
This coin is extremely overheated, please be careful with it
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More detailed analysis, additional charts, and key levels to watch are available on our site
Current price: $1,134
Probable movement according to the pattern to the nearest level of $1080. If the lower channel of the corridor is broken, then with a high probability we can continue the movement to $1000
A speculative breakdown of the bearish scenario is likely if the upper channel is broken at $1225
Important!
This coin is extremely overheated, please be careful with it
---
More detailed analysis, additional charts, and key levels to watch are available on our site
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.