BNBUSDT is currently consolidating just below the psychological level at 600, having formed a double top, suggesting a potential pullback toward the support level. Zooming out, we can observe an ascending triangle pattern with higher lows, indicating accumulating buying pressure. The market appears likely to continue consolidating within the 570-600 range before a potential breakout. A bounce off the channel border and trendline, located at the bottom of this range, could serve as a strong rejection signal. Such a move would imply renewed buying interest, possibly leading to a continuation of the upward trend. The target is the resistance zone around 600
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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.