BNB/USDT - 1D
💰 Price: 764.60 USDT
📊 Volume: 206.61K BNB (stable volume, but without additional strength to break highs).
📌 Indicators:
- RSI (14): 82.91 → 🚨 Extremely overbought, high risk of correction.
- MACD: Bullish crossover, but flat histogram → positive momentum but stagnant.
- BBands: Price near the upper band (768.69), potential rejection zone.
- SMA50: Price well above (678.53), consolidated bullish trend.
- Ichimoku: Bullish cloud, with Tenkan (716.10) as key support.
- VPVR: Highest volume at 690-720, potential accumulation zone.
📊 Analysis:
- Trend: 📈 Strong bullish, but with indicators at extreme levels (RSI 82.91, CCI 117.99).
- Volatility: Low (ATR 20.88), but with potential for increase if resistances are broken.
- Patterns: TD Sequential at 7/9, could complete soon signaling exhaustion.
- Supports: 716.10 (Tenkan), 703.86 (Kijun), 690.00 (VPVR).
- Resistances: 768.69 (upper BB), 781.66 (recent high).
🎯 Strategy:
- Scenario 1 (Correction): Wait for a pullback to 716-720 with low volume to buy. TP at 760-768, SL at 700.
- Scenario 2 (Breakout): If it exceeds 768.69 with high volume, enter with TP at 800 and SL at 750.
🔍 Observations:
- 🔥 Strong ADX (25+) and bullish Parabolic SAR, but RSI/MFI/CCI excessively high.
- 📉 Possible correction soon: TD Sequential 7/9 + RSI 82.91 = Risk signal.
- 💡 Zone 690-720 ideal for entries: Technical supports and VPVR align.
Trading cryptocurrencies involves high risk. (DYOR)
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