Potential H&S forming on BNBBTC. Confirmed if breaks neckline shown, with distance from top of head to neckline marked in horizontal line. Volume profile hard to read but looks consistent with how it should be acting via John Murphy's TA book. Trade actions would be to buy on a rejection of the neckline, or if confirmed by falling through it at the target line. Decent support at bottom of 6H cloud which closely coincides with 1D 50EMA, but the bearish kumo twist on 6H makes me think this could be likely.
Commentaire:
A push out of the cloud here negates this idea for me