Let's talk about the market trend of BNB. Recently, I noticed that BNB has shown a special price pattern a few days ago. From the shape, the price levels of the left shoulder and right shoulder are around 525, while the head is at 508. The neckline is at 580, which was clearly visible in the H4 chart a few days ago. Friends who follow ad's comments should know that ad pointed out that once BNB breaks through 580, it is a confirmation signal for a short-term rise.
In the H8 period, the resistance level is around 585 - 587. Yesterday, ad posted to confirm that BNB broke through 597 - 598, and also confirmed the breakout of the neckline on the H12 period, indicating that it will continue to rise. This is a strong upward pattern, just like the first graphic in the article, where the price will test up and down. However, confirming its right shoulder in each time frame to find entry points is indeed time-consuming.
Based on this chart, the profit-taking target prices are 658 - 683 - 731 respectively, but extra caution is needed around 585 - 587, which is also a point I am not very sure about. If it can successfully break through, the price will continue to rise in the range of 614 - 616. Before entering the profit zone, everyone may consider taking profit first. This is a very promising reversal upward pattern, and everyone can pay attention and observe, but do not take this as investment advice.
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