BNB/USDT Inverted head and shoulders pattern
The above diagram from BNB/USDT Inverted head and shoulders position. It is the opposite of the head and shoulders pattern. Generally, in this pattern, the price action slides down and then up. Thus, three valleys are formed in the pattern, the left shoulder, the head and the right shoulder.
This pattern could be a possible signal of things to cometo the market. If the price action identifies a breakout above the neck resistance, the price could climb to new highs.
Currently, BNB/USDT in the order of $306.10. If the pattern continues, the price of BNB/USDT It may reach the $330 resistance levels. If the trend reverses, the price BNB/USDT It could go down to $302.