Technical analysis by Lingrid about Symbol BNB: Buy recommendation (10/31/2024)

BNBUSDT is currently consolidating below the psychological level and has formed a double top, indicating a potential pullback to the support level. If we zoom out, we can see that the price action is creating an ascending triangle pattern making higher lows. I expect the market to continue consolidating between the 570 and 600 levels before a breakout the resistance zone. A bounce off the channel border and trendline, which is at the bottom of the range zone, could signal a rejection; if we see such a signal, it might indicate a continuation of the upward trend. My goal is resistance zone around 600Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻