BNB has been showing some strong moves since the past few weeks, with the price action breaking the weekly ichimoku cloud with a weekly kumo twist playing out. The price action has also broken upwards of the channel drawn on the chart. Most technicals scream bullish, with a very likely C&H pattern in works. The volume profile looks strong too, with increasing volume with the upward price action. As of writing this, BNB is recording 6 continuous days of growth.
Should BNB break the ATH, it would find itself again in the price discovery mode where things could get very interesting.
Should BNB break the ATH, it would find itself again in the price discovery mode where things could get very interesting.
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As mentioned before, BNB has almost reached resistance close to the OB and probably move further up and have a pullback from the OB to play out the C&H
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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.