Descending triangle on BNB weekly charts

BNB Daily and weekly charts seem to be forming a descending triangle pattern. Breakout in either direction will give a decent move. A breakdown from here can take BNB in $40-$50 range as there is no major support in between. Can cause a lot of panic if that happens and we might see BTC testing 20k again. Though it'll be another great time to accumulate for the long term.

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BNB trying to give a breakout above Blue line after a very long consolidation now

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Breakout happened on the upside and did 2x since then