BNB/USDT Quick Analysis (1H Chart)

Hello crypto community! Let's break down the 1H chart of BNB/USDT to see what's been happening recently. No predictions, just facts.

After a bullish phase, we observe a marked bearish trend, followed by a lateral stabilization phase. The price seems to have found support.

Support: A support zone is located around 670-671 USDT. The price has bounced several times on this level, indicating buying strength at this level.

Resistance: It is difficult to define a clear resistance in this short period. We can identify an area around 685-690 USDT where the price has had difficulty progressing.

Moving averages:

MA(7), MA(25) and MA(99) are present.

The price is currently below the 3 moving averages.

Crossovers between MA(7) and MA(25) are observed, signaling short-term momentum changes.

Volume:

Volume is generally low with occasional spikes that do not correspond to large price movements.

MACD: The MACD is oscillating around zero, confirming indecision.

RSI: The RSI is oscillating around 50, with no clear overbought/oversold signal.

OBV: The OBV is generally stable/slightly bearish, suggesting slight selling pressure.

We are clearly in an indecision phase after a decline. The support at 670-671 USDT seems to be holding, but the lack of volume and neutral indicators do not indicate a clear bullish recovery.

BNB/USDT is in a waiting phase. We are monitoring an exit from this equilibrium phase.

And you? Share your analyses!

$BNB #BNB#BNBUSDT#Binance#Crypto#TechnicalAnalysis#Trading#DYOR#AnalyseGraphique