BNB looking weak after bearish H&S formation

٢٩ أغسطس ٢٠٢٢

BNBUSD formed a nice H&S (head and shoulder) formation, broke down and now retesting the neckline. Notice the decreasing volume on rise from beginning of August which shows weakness.

Neckline around 288 seem like a good place to short and we might see 225 or lower levels in days to come.