$BNB
BNB/USDT – Technical Analysis and Buy/Sell Predictions
Current Price: 646.83 USDT
Change: +0.27%
Technical Indicators
Strong sell signal on the daily level according to TradingView
EMA7 at 641.79, EMA20 at 646.05, EMA50 at 644.81, price above EMA7 and EMA50 and below EMA20
StochRSI indicator at 0.9681 (overbought)
MACD neutral
Price support approximately between 642.50 and 644.00
Resistance at 649.50–650.00
Trading volume is high, indicating market interest
Recommendation
It is preferable to wait or lightly sell at resistance. A position can be opened upon breaking 650 with strong volume, and to avoid entering if the price falls below support 642.50.
Proposed Strategy
Break above 650 with volume: Buy aiming for 655–660
Failure at resistance and appearance of bearish candles: Sell or wait
Break below 642.50 consistently: Avoid buying and wait for the next support
Sideways trading between 642 and 650: Stay neutral