BNBUSD, Forms Potential Descending-Triangle-Bull-Flag-Formation!

Hello Traders Investors And Community,

Welcome to this analysis about BNBUSD, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure and what we can expect in the upcoming times. BNBUSD is one of the cryptocurrencies that recently did not show up with such strong bearish volatility to the downside like it is the case with other cryptocurrencies for example like the major's Bitcoin or Ethereum. Now besides this fact I discovered a decisive formation BNBUSD is currently forming that is likely to determine further outcomes and upcoming perspectives when it shows up with the right price-action, therefore I detected all the important levels and like destinies we should consider here.

Structural Developments:
As when looking at my chart we can watch there how BNBUSD is currently about to form this huge descending-triangle-bull-flag-formation marked in my chart with the blue boundaries, furthermore BNBUSD has the coherent wave-count within this formation already completing the waves A and B in the schedule where it is testing the upper boundary of the formation with the wave B, as this boundary is still a very strong resistance a pullback has a high likelihood to show up here, this pullback will then move on with the wave C in the structure, this wave C determination will be the whole crucial part in this structure because when BNBUSD then manages to properly bounce within the confirmational-bounce-cluster it can lead to a breakout.

Upcoming Determinations:
Taking all these factors in the consideration BNBUSD is in a situation in which it has developed this major descending-triangle-bull-flag-formation that can show up with great potentials to the upside when BNBUSD manages to maintain the right price-actions here, therefore it is of utmost importance that BNBUSD does not fall below the lower boundary and the ascending-trend-line again because this will invalidate the whole formation however this is not the most likely perspective nevertheless it has to be elevated how BNBUSD approaches the given supports and how it manages to bounce from there, when this bounce is strong enough it will likely follow up with the proper breakout, it will be an interesting development ahead.

Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
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Information provided is only educational and should not be used to take action in the market.