tell me what makes inverted cup handle binance coin

The inverted cup and handle pattern is a technical analysis indicator found on crypto price charts, including those of Binance Coin (BNB), that signals a potential bearish trend. Here's a breakdown of the key points that make the inverted cup and handle pattern: 1. **Formation of the Pattern**: The inverted cup and handle pattern consists of three main components: the cup, the handle, and the breakout. The cup is formed when the price corrects a previous uptrend, and the handle is created during a sideways movement with a slight downward drift. The breakout occurs when the price moves below the handle, signaling a potential bearish continuation. 2. **Volume Metrics**: The pattern is considered reliable when there is a significant increase in trading volume during the formation of the cup and a decrease during the formation of the handle. This indicates that the market is running out of sellers, which is a critical aspect of the pattern. 3. **Market Indicators**: Technical indicators like the Moving Average Convergence Divergence (MACD) can be used to confirm the pattern. For example, an inverted cup and handle pattern forming on a daily chart with a bearish MACD crossover can be a strong sell signal. 4. **Market Sentiment**: The pattern is often accompanied by negative market sentiment, which can exacerbate the downward pressure on the price. For instance, in the case of Binance Coin, the pattern formed during a period of negative sentiment, as indicated by the RSI being in oversold territory. In conclusion, the inverted cup and handle pattern is a bearish signal that typically occurs during a period of negative market sentiment and is confirmed by specific volume metrics and technical indicators.