Bearish Alert: $BANANA's Right-Angled Broadening Wedge Hints at a Drop to 32🩸
$BANANA is currently forming a right-angled broadening wedge on the 1-hour chart, which typically signals a bearish trend.
A bearish right-angled broadening wedge is a chart pattern where the price widens between two diverging trendlines, indicating a likely downward breakout.(jpg attached below)
If the price breaks through the support level, #BANANA could potentially fall to approximately 32.
This analysis is based on my personal observations and should not be considered investment or trading advice. Always conduct your own thorough research and consider the risks before making any trading decisions.
