Binance coin trading

This time on BNB.

Binance coin has seen its breakout few days ago due to exciting news with its own blockchain.

Now we are looking at Pennant , called descending triangle .

"The descending triangle is another continuation pattern, but this triangle is a bearish pattern and is usually created as a continuation during a downward trend. Occasionally it can be seen as a reversal during an upward trend (the opposite of the ascending triangle pattern,) but it is considered to be a continuation"

Yes, the Descending could be bearish , but can be even bullish , I actually seen more bullish than bearish .

10 700 is the key level you need to watch, if BNB drop to to 10 590, dont hold no more. Look for rebuy at support if you are interrested in this token, If BNB wont drop, we can easily go to 13 375 sat, which is about 20%.

Disclaimer:
Any market data or commentary used here is for illustrative and informational purposes only. Don't trade with money you can't afford to lose especially with leveraged instruments. The past performance of any trading system or methodology is not necessarily indicative of future results.