DrDovetail

my former bnb chart's about to hit ih&s target & trigger a c&h!

Long
BINANCE:BNBBTC   Binance Coin / Bitcoin
We can see the former inverted head and shoulder breakout target I had charted on bnb awhile back is getting closer and closer to its breakout target...it had a retracement before reaching that target however which just so happened to retrace at just the right time to create a perfect cup and has now broken up from a small handle retrace at just the right time...should it reach the inverted head and shoulder target it will also simultaneously break above the rimline of its new cup and handle pattern. Typically priceaction retraces shortly after reaching price target projections so it will be important to make sure after the inverted head and shoulder target is reached that price action doesn't suddenly creep back under the rimline and pull a fakeout...should it trigger the cup and handle breakout as well though we could actually double its price from here which would be phenomenal as it is already at an All Time High I believe. Best to wait for confirmation and not allow yourself to get faked out.
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