Welcome to this analysis about BNB, we are looking at the 12-hour timeframe perspectives. As already mentioned in previous analysis BNB on the more local perspectives has developed this ascending-channel where it is forming the coherent wave-count with the possibility to move on to the upside. Besides that on the more global terms, I discovered this major head-and-shoulder-formation BNB is forming now with the left shoulder and the head already completed, now BNB is about to form the right shoulder in the structure after which the final conclusions will come with BNB either confirming bullishly or bearishly. As BNB has still some good supports in the structure and also printing more bullish signs on the local terms a bullish breakout and confirmation of the formation has a higher possibility by 65% on the other side the bearish has a possibility of 35% nevertheless it is highly necessary to rightly elevate and keep patient for the final confirmation before moving into the concluded right direction, it will be an important development ahead.
In this manner thank you, everybody, for watching the analysis, will be great when you support it, and all the best!
Information provided is only educational and should not be used to take action in the market.