BinanceCoin (BNBUSDT) bullish inverse head and shoulders!
BNBUSDT is testing the neckline of the inverse head and shoulders pattern at $355-360. Bitcoin has already broken out of the inverse head and shoulders , so lets see if BinanceCoin can follow. A break above $360 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.
As always, I’m not a financial advisor, do your own research, and stay safe!
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As always, I’m not a financial advisor, do your own research, and stay safe!
Why Follow
1. Daily technical analysis
2. Live trade setups and updates
3. Group of TA experts
4. Live whale alerts
5. Critical news
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