Here we have BNBUSDT 1W chart.
As a coin forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days WHICH WE HAD AS HANDLE to four weeks, before advancing higher. A is considered a continuation pattern and is used to identify buying opportunities.
However some of people thinks It's too risky to buy at the ATH but to be honest We have a neat opportunity .
A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout. For two arrows on the chart lead us to a 50$ target maximum in the nest few weeks.
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