What is BNB?
BNB is the cryptocurrency coin that powers the BNB Chain ecosystem. As one of the world's most popular utility tokens, not only can you trade BNB like any other cryptocurrency, you can also use BNB in a wide range of applications and use cases.
DIAMOND pattern — Usually a Reversal Pattern, but it will also be found as a
Continuation Pattern. It could be described as a Complex Head-and-Shoulders Pattern with a V-shaped (bent) Neckline, or a Broadening Pattern which,
after two or three swings, changes into a regular Triangle. The overall shape
is a four-point Diamond. Since it requires a fairly active market, it is more
often found at Major Tops. Many Complex Head-and-Shoulders Tops are
borderline Diamond Patterns. The major difference is in the right side of the
pattern. It should clearly show two converging lines with diminishing volume as in a Symmetrical Triangle. Minimum Measuring Formula: add the
greatest width of the pattern to the breakout point.
BNB is the cryptocurrency coin that powers the BNB Chain ecosystem. As one of the world's most popular utility tokens, not only can you trade BNB like any other cryptocurrency, you can also use BNB in a wide range of applications and use cases.
DIAMOND pattern — Usually a Reversal Pattern, but it will also be found as a
Continuation Pattern. It could be described as a Complex Head-and-Shoulders Pattern with a V-shaped (bent) Neckline, or a Broadening Pattern which,
after two or three swings, changes into a regular Triangle. The overall shape
is a four-point Diamond. Since it requires a fairly active market, it is more
often found at Major Tops. Many Complex Head-and-Shoulders Tops are
borderline Diamond Patterns. The major difference is in the right side of the
pattern. It should clearly show two converging lines with diminishing volume as in a Symmetrical Triangle. Minimum Measuring Formula: add the
greatest width of the pattern to the breakout point.
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