$BNB 3D 🎃

I can’t call this idea long-term, since I am not a supporter of the BNB token. However, on the 3-day time frame we now have a trend reversal setup that can be traded.

"Head and shoulders". The setup on this token took about six months to form. The neck line (260) is clearly visible and it will be quite important to close the current day above it in order to talk about the continuation of the upward impulse. The height of the formation is approximately 20%, that is, we can potentially grow to 310+, up to 335.

In addition to the reversal formation, the BNB price is also breaking out of the global downtrend that has maintained a downtrend since November 2021, which also makes a pretty strong case for growth. And it reinforces my assumptions about qualitative growth - bullish divergence. This indicates that the BNB price may not return to the boundaries of the downward trend.

Keep in mind that the market is quite overheated. There is room to grow, but FOMO is getting worse and worse, so don't get overloaded with longs!