TECHNICAL ANALYSIS Mult TF
BNB/USDT,
daily and 1w data
June 23
🪙 BNB/USDT
🔍 VIEW
— Current price: 629.90
— Overall trend: Mixed with short-term bearish bias
— Context: Technical correction after previous bullish impulse
🕐 DAILY (1D) — ONGOING CORRECTION
🔻 Confirmed bearish momentum:
• RSI (41.69) and MFI (32.72) reflect weakness
• CCI (-138.34) indicates oversold ⚠
• Bollinger Bands: price near the lower band 🧊
• SMA(50), MACD, MOM, and SAR in bearish mode
• TD Sequential: 11 consecutive bearish candles 😰
📈 Volatility (ATR): 18.21 USDT → allows for wide intraday movements
🗓️ WEEKLY (1W) — PREVIOUS IMPULSE WITH BREATHER
🟢 Mixed indicators with a positive tone:
• RSI and MFI in equilibrium
• MACD, MOM, and SAR maintain bullish bias
• CCI neutral (+4.30) but BBands indicate approaching technical resistance zone
🔻 Weakness in trend strength: weak ADX
📈 Volatility (ATR): 60.32 USDT → support for larger swings
🎯 PRICE SPECULATION
⚙️ STRATEGY: Short-term pullback with potential intermediate bounce according to weekly confluences
📌 KEY ZONES
— Immediate support: 610
— Critical technical support zone: 595–600
— Likely bounce zone: 600–605 (Lower band + oversold)
🎯 TARGET (TP)
— TP1: 648 (50-day moving average)
— TP2: 665 (mid part of weekly BBands)
🛑 STOP LOSS (SL)
— Conservative: 590 (below last significant low)
— Adjusted: 600 (key psychological level)
RISK/REWARD RATIO
— Estimated entry: 610
— SL: 590
— TP1: 648
→ R/B ≈ 1.9 — Acceptable for aggressive technical setup
BNB/USDT is in a daily correction phase within a still constructive weekly context. If it manages to stabilize above 600–610 USDT and a slowdown of the bearish momentum is confirmed, there is a tactical rebound opportunity towards the 648–665 zone.
(DYOR)
vc_custy
🫖☕️😎