To perform a short technical analysis, let's look at some key indicators and chart patterns.

Chart Patterns

Bullish Patterns

- *Bullish Flag*: A continuation pattern that forms after a strong up move, indicating a potential upward breakout.

- *Inverse Head and Shoulders*: A reversal pattern that forms at the end of a bearish trend, signaling a potential upward move.

- *Falling Wedge*: A bullish reversal pattern marked by lower highs and lower lows converging towards a single point.

- *Bearish Patterns:*

- *Head and Shoulders*: A bearish reversal pattern that forms at the peak of an uptrend, signaling a potential downward move.

- *Double Top*: A bearish reversal pattern that forms after an uptrend, indicating a potential downward move ¹

*Technical Indicators:*

- *Moving Averages:* Used to determine the trend and find entry and exit points.

- *Relative Strength Index (RSI):* Indicates overbought or oversold conditions.

- *MACD (Moving Average Convergence Divergence):* Confirms the trend's strength and direction

*Current Market Data:

Let's take a look at Binance Coin (BNB) as an example. The current price is $856.40 with a 1.40% increase. The market capitalization is $113.08 billion