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BinanceCoin (BNBUSDT) bullish inverse head and shoulders!

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Binance Coin / TetherUS (BINANCE:BNBUSDT)  
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BINANCE:BNBUSDT   Binance Coin / TetherUS
Trend Analysis Chart Patterns Technical Indicators binancecoin binancecoinusd binancecoinusdt BNBUSDT bnbusdtlong bnbusd bnbusdlong cryptocurrencies altcoins
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trendanalysis chartpattern indicator binancecoin binancecoinusd binancecoinusdt bnbusdt bnbusdtlong bnbusd bnbusdlong cryptocurrencies altcoins
BNBUSDT is testing the neckline of the inverse head and shoulders pattern at $355-360. Bitcoin has already broken out of the inverse head and shoulders , so lets see if BinanceCoin can follow. A break above $360 with good volume could be a good place for a long. That said, right now there is the 200MAs serving as resistance, so price needs to break through that; failure to do so could send prices lower and invalidate the inverse head and shoulders bottom breakout setup.

As always, I’m not a financial advisor, do your own research, and stay safe!

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