$BNB ๐ BNB/USDT Technical Analysis โ Ideal Setup or Bear Trap?
๐ฏ Overall Trend:
On all timeframes (1D, 4H, 1H) we see a strong bullish trend:
๐ Price is consistently above all EMAs (7, 25, 99) ๐ข
๐ EMA(7) has crossed EMA(25) and EMA(99) โ classic bullish signal ๐ฅ
๐ Price is approaching a key resistance level at $793.86 ๐ผ
๐ What Indicators Say:
๐ RSI (6):
โ 1D: 96.08 โ โ ๏ธ Strong Overbought
โ 4H: 68.65 โ Approaching Overbought
โ 1H: 76.17 โ Locally Overbought
๐ Stochastic RSI:
โ 1D: 100/100 โ โ ๏ธ Extreme Overbought
โ 4H: 23.26/13.36 โ In Oversold Zone (potential bounce)
โ 1H: 98.21/96.93 โ High Risk of