Hello everybody , BNB on daily Time frame is experiencing a bearish trend which recently it's trend line made it's job as nice dynamic resistance.
In this area in 4H Time frame we can see two different patterns (possibly), a Head & Shoulder and a Cup & Handel which if the price breaks down horizontal resistance (Neckline) we can have a bearish pattern , also our bullish trendline (Yellow) is getting broken.
I draw the possible path for you and showed a trading setup in the chart which it's entry point is after a pullback (it's not an advice please take it as an option to analyze it for yourself).
thanks for following me ,
please feel free to share your idea with me
BNBUSDT
In this area in 4H Time frame we can see two different patterns (possibly), a Head & Shoulder and a Cup & Handel which if the price breaks down horizontal resistance (Neckline) we can have a bearish pattern , also our bullish trendline (Yellow) is getting broken.
I draw the possible path for you and showed a trading setup in the chart which it's entry point is after a pullback (it's not an advice please take it as an option to analyze it for yourself).
thanks for following me ,
please feel free to share your idea with me
BNBUSDT