Taking a short position on BNBUSD based on the formation of a head and shoulders chart pattern. The neckline support has been broken.
Based on this analysis as well as the formation of 5 consecutive red candlesticks, it appears that the chart will continue its downward trend
Based on this analysis as well as the formation of 5 consecutive red candlesticks, it appears that the chart will continue its downward trend
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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.