RLinda ! BNBUSDT -> Channel Breakdown. H&S pattern

٢٩ أغسطس ٢٠٢٢

BNBUSDT on the chart there is quite an interesting picture. It is worth to pay attention to the "Head and shoulders" pattern formed after testing the resistance. At the time of formation of the second shoulder the price breaks the support of the uptrend (bullish correction) and at the moment consolidation is formed under the level.

I want to point your attention to the fact that the cryptocurrency market and the leading coins are in the red zone and there is a chance that they will pull Binance Coin with them.

I assume that the "Head and shoulders" pattern started at the moment of breakdown of the channel support, I expect the breakdown of the support 274.8 and achievement of the short-term goal - the support 241.9. The potential for the price movement to the liquidity zone 182.8

Sincerely R.Linda!