BNB - simple patterns analysis

BNB is currently forming an inverse head and shoulders pattern.

The initial attempt to break through the head and shoulders pattern failed, leading to a sharp decline in price.

Now, we are witnessing a second attempt to break through the neckline of the inverse head and shoulders. If successful, the first target would be the previous all-time high. If not, the downward momentum may persist, pushing prices further down through the parallel channel.

BNB