Technical Analysis for BNB/USDT Pair – 1 Minute Frame

🔍 Current Situation:

Current Price: 707.88 USDT

Percentage Change: +3.22% over 24 hours

Highest Price in 24 Hours: 711.00

Lowest Price in 24 Hours: 683.34

📊 Technical Indicators:

EMA 50 (Yellow): 708.27 → the price is slightly below it, indicating a slight weakness in the current momentum.

EMA 150 (Pink): 705.36 → the price is above it, supporting the existence of medium-term support.

EMA 200 (Purple): 704.19 → the price is above it, providing strong long-term support signals.

📉 Candlestick Reading:

There is a rebound from the bottom of 707.05, but the last candle is bearish, indicating nearby resistance at the 50 moving average.

We may witness oscillation around this level (708.27) if the price does not clearly surpass this resistance.

📌 Nearby Support and Resistance:

Strong Support: 704.00 – 705.00 (EMA 150 and 200)

Current Resistance: 708.27 (EMA 50)

Higher Resistance: 711.00 (Previous Peak)

📈 Summary: The price is currently in a narrow oscillation area between the moving averages, showing confusion between buyers and sellers. A clear breakout above 708.50 could push the price back to 711, while a break below 704 may show additional downward pressure towards 700 or lower.

🔔 Immediate Recommendation:

Quick Trade: Buying can be considered after breaking 708.50 with a target of 711 and a stop loss below 706.

Monitoring: If it fails to surpass 708.50, it is preferable to wait for confirmation of the trend.