BNBUSDT has broken out of the double-top pattern. The price is moving below the EMA200 line, confirming a bearish trend. Additionally, an Ascending Broadening Wedge has materialized within this ongoing downtrend. The breakout of the lower trendline further suggests the potential for a downward movement toward the designated target area.
The momentum indicator The MACD has formed a golden cross before the breakout, signifying a potential downward movement on BNBUSDT.
The roadmap will be invalid after reaching the target/resistance area.
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"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BINANCE:BNBUSDT "
Comment
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What really happen? It hit the first target so soon :)
Trade closed: target reached
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Reached the second target in an instant. Likes for more content ahead!