Details on the chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
We can see the former inverted head and shoulder breakout target I had charted on bnb awhile back is getting closer and closer to its breakout target...it had a retracement before reaching that target however which just so happened to retrace at just the right time to create a perfect cup and has now broken up from a small handle retrace at just the right...
Retracements on bearish trend in addition to A & B correction waves show that current wave could be a classic Irregular ABC correction which has raised up to 79% of total 1-5 trend and 162% of A projection on B.
will this culminate with another 1-5 bearish trend? since price has bounced from last resistance of 4044- 4060 its assumed that price is heading a bearish trend.