Binance coin(BNB) expressed in Bitcoin(BTC) [Double Top]
Binance coin is likely to fall, there are signs of a double top pattern in the daily chart.
Today i found signs of a double top pattern in the daily graph. The flag stock chart pattern forms through a rectangle. The rectangle develops from two trendlines which form the support and resistance until the price breaks out. The flag will have sloping trendlines, and the slope should move in the opposite direction to the original price movement. Once the price breaks through either the support or resistance lines, this creates the buy or sell signal.
Sell signal in the MACD - Bearish
Today i found signs of a double top pattern in the daily graph. The flag stock chart pattern forms through a rectangle. The rectangle develops from two trendlines which form the support and resistance until the price breaks out. The flag will have sloping trendlines, and the slope should move in the opposite direction to the original price movement. Once the price breaks through either the support or resistance lines, this creates the buy or sell signal.
Sell signal in the MACD - Bearish