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Analysis of BNB/USDT Pair Time Frame 15 m
Short-term Overall Trend: Bullish, as the price broke the level of 830 and reached a peak at 839.90 before a minor correction occurred.
Technical Indicators:
The price is currently above EMA 7 and EMA 25, which is a positive signal, but the last candle is attempting to retest the support at 834.
MACD is in a positive position, but there is convergence between the MACD line and the signal line, which may indicate a potential slowdown in momentum.
RSI is at 59, which is in the neutral zone leaning towards bullish, leaving room for an upward move before reaching overbought conditions.
Volumes: Increased during the rise and then decreased slightly during the correction, indicating that the current decline may be temporary.
Important Levels:
Support: 834 – 829 – 818 USDT
Resistance: 839.9 – 845 – 852 USDT
Recommendation:
If the price maintains a close above 829, a buy can be considered with a first target of 845 and a second target of 852.
Stop loss below 825 to reduce risk.
Caution if the price breaks 829 with high trading volume, as the trend may shift to a deeper correction.