CryptoAnalytics

BNB "Head and Shoulders" Pattern! Prediction!

BINANCE:BNBUSDT   Binance Coin / TetherUS
#BNB update

▪️Remember, I wrote about the BNB GIP pattern, which has now completed its formation, but has not completed its development.

▪️According to the standard lessons of technical analysis, such patterns work out down and the targets of $248 on BNB.

▪️We have an active counter-trend marked it as (bearish trend) see chart. We also have a divergence on the indicator below, which gives a bullish signal on the 4H timeframe.

▪️I drew as many as 3 options for working out:

1) This is a reversal from the current ones and a trend change + subsequent growth

2) This is a protracted correction with a change in trend + subsequent growth

3) This is a (red) option, if we are not allowed to go beyond the trend line, we will lower the peaks and thus come to fibo support at $248

▪️All this needs to be supported by the analysis of BTC , SPX , INDEX DOLLAR

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