Good setup for BNB
I see a potential long trade for BNB again. On the left we see an H&S in the making, indicating more downwards movement. Price broke the neckline today and jumped back in again. This might be a big signal that this H&S might fail and that we see a contrair movement. And the bullish wedge we can see on the left, gives the failure of the H&S a bigger chance.
Note
Still moving within the wedge, it broke out but got pushed back in again. It's not a bad sign but it's nothing good as well :)So actually nothing has changed yet. Think we should see a breakout withing the next 24H.
Note
Support broke, seems the H&S has been activated. Trade went wrong, if BNB could be shorted i would probably do it, but it's not possible. The trade was risky because of the H&S, but still i am a bit surprised the support broke. Assuming the target of the H&S will get reached, it would suggest like something is wrong with the BNB exchange? 
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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.