$BNB Identifying BNB's Bullish W Pattern

A bullish "W" pattern, or double bottom, on BNB's chart is a classic reversal formation signaling the potential end of a downtrend and the start of a new upward advance.

This pattern forms when BNB's price tests a strong support level twice, creating two distinct troughs. A moderate peak between them forms the pattern's "neckline" resistance. Declining volume on the second trough often indicates selling exhaustion.

The bullish reversal is confirmed when BNB's price sustains a breakout above the neckline with increasing volume. This projects an upward move with a minimum target equal to the pattern's depth.

Ultimately, this signals that BNB has found a solid base and buyer conviction is overcoming previous selling pressure.$PIPPIN $LONG

BNB

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