BNBUSDT is still trading within a large symmetrical triangle.
Technical Indicators:
MACD - Signaling a small pullback, and a potential bearish cross coming in the next few days to a week. However, I do not think this will have much impact.
RSI - Could have slight bullish divergence.
Patterns:
Symmetrical triangle - This is neither bullish or bearish. Look for a breakout in one direction.
Bear Flag - It is possible that BNB is currently trading in a large bear flag using the white dotted line as resistance, and the green bottom line of the symmetrical triangle as support.
Elliot Waves - Trading within the bear flag pattern, if this were to continue to play out, we could see BNB break down wards with an A-B-C correction.
I will be watching to see how this plays out.
Technical Indicators:
MACD - Signaling a small pullback, and a potential bearish cross coming in the next few days to a week. However, I do not think this will have much impact.
RSI - Could have slight bullish divergence.
Patterns:
Symmetrical triangle - This is neither bullish or bearish. Look for a breakout in one direction.
Bear Flag - It is possible that BNB is currently trading in a large bear flag using the white dotted line as resistance, and the green bottom line of the symmetrical triangle as support.
Elliot Waves - Trading within the bear flag pattern, if this were to continue to play out, we could see BNB break down wards with an A-B-C correction.
I will be watching to see how this plays out.