SUMMARY
Binance (BNB) is weaving through a symmetrical triangle pattern. The prior expanded ABC wave led to a few months of sidways action which is now being coiled into a symmetrical pattern. Which direction is the likely breakout?
The MACD is likely to support an upside move. The price has to decisively breach the upper triangle trendline. While this is a symmetrical triangle, another pattern can be drawn.
The below chart shows a bullish ascending right triangle pattern. Volume also confirms in it's gradual decline. By this pattern, the minimum run potential would be $25.83 and probably higher with all time highs.
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