Binance Coin / TetherUS
Short

BNB forms bearish flag after double top

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BNB is moving in an ascending channel, which could turn into a bear flag at any moment. The chart has already completed a double top pattern. A bear flag pattern has formed locally; recent news about CZ has provided upward momentum, but the movement has remained within the local bearish pattern

Current price: $1,134

Probable movement according to the pattern to the nearest level of $1080. If the lower channel of the corridor is broken, then with a high probability we can continue the movement to $1000

A speculative breakdown of the bearish scenario is likely if the upper channel is broken at $1225

Important!
This coin is extremely overheated, please be careful with it

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