BNB/USDT and an Inverse Head & Shoulders

Jun 9

Hi!

BNB is attempting to complete an inverse head-and-shoulders pattern. The key neckline sits around 610–612 USDT, where price is currently facing resistance.

A confirmed breakout above the neckline could trigger a move toward 628 USDT (major resistance), with further upside potential into the 645–650 USDT supply zone. The 100 SMA remains overhead, so buyers still need to prove strength before a broader trend reversal can be confirmed.

Key levels:

• Resistance: 610–612, then 628, then 645–650
• Support: 590–595
• Bullish trigger: Sustained close above 612

Bottom line: The pattern is constructive for bulls, but confirmation is needed. A breakout above the neckline could open the door for a stronger recovery toward 628 and potentially 650 USDT.

Jun 13

Note

#bnb
So close to breaking the neckline up

Jun 15

Trade active

Finally #BNB position has been activated!

Jun 17

Trade closed: target reached

#bnb #bnbusdt
The first target was touched