Lingrid | BNBUSDT in CONSOLIDATION phase

31 oct.

BNBUSDT is currently consolidating below the psychological level and has formed a double top, indicating a potential pullback to the support level. If we zoom out, we can see that the price action is creating an ascending triangle pattern making higher lows. I expect the market to continue consolidating between the 570 and 600 levels before a breakout the resistance zone. A bounce off the channel border and trendline, which is at the bottom of the range zone, could signal a rejection; if we see such a signal, it might indicate a continuation of the upward trend. My goal is resistance zone around 600


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻