🔥 BNB Inverse Head & Shoulders: Wait For Break Out

٣١ أكتوبر ٢٠٢٢

Over the course of around 6 months now, BNB has seemingly almost completed an inverse head & shoulders pattern. Inverse head & shoulders patterns are classically bullish reversal patterns. I'm not looking at the LUNA capitulation wick in May for obvious reasons.

For now, I'm waiting for the daily candle to close above the dotted neckline resistance. In the case of a break out, I'm looking at the blue lines as potential targets. I'm keeping my targets close since there's still a lot of uncertainty in the markets.