Lingrid | BNBUSDT in CONSOLIDATION phase
2024-10-31

BINANCE: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 600


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