BNBUSD, Completes H-S-Formation, Upcoming Projections!

Hi,

Welcome to this analysis about BNBUSD, we are looking at the 2-hour timeframe perspectives. Similar structures like BNBUSD now formed developed also in other currencies like Litecoin for example however with BNBUSD it already completed the head-and-shoulder-formation and recently made the breakout above the neckline above which it is now confirming the breakout with this confirmational-validation-channel marked in my chart. When BNBUSD moves on to stabilize above the neckline with the proper consolidation as it is marked in my chart this will be the appropriate origin for the further continuations and approaches of the upper target-projection from where the situation needs to be elevated anew and if BNBUSD firstly reverses or continues with the bullish developments, it will be an interesting journey ahead.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.