BINANCE:BNBUSDT.P   Binance Coin / TetherUS PERPETUAL CONTRACT
#BNB/USDT
$BNB trend lines show price supported with ascending trend line and going to increase toward parallel trend line that is the same with neck line of head and shoulders, and there is a descending resistance there too (around $313 and $314).

🐮 break out from descending resistance can help bulls continue rally toward $360 to complete double bottom pattern.

🐻 and rejection from descending resistance or neck line of H&S will drop price to $260.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.