Technical Analysis BNB/USDT [
1D
🔹 770.85 USDT
🔹 Volume (24h): 158.40 BNB
🔹 Average Volatility: 2.50%
📊 Key Indicators:
⚠ RSI(14): 76.23 - Clear overbought, but no divergence yet.
⚠ MFI(14): 78.89 - Confirmation of overbought, risk of correction.
✅ MACD: Active bullish crossover, positive momentum.
✅ ADX: Strong trend (bullish signal).
✅ Parabolic SAR: Points below the price, confirming bullish trend.
✅ SMA(50): Price above, solid support.
📌 VPVR: Volume profile shows accumulation near 770-775 USDT, with key support at 718-705 USDT.
📊 Analysis:
- Trend: Firm bullish, but with overheated indicators (RSI/MFI). The price broke the Ichimoku cloud (770.23), reinforcing the idea of buyer strength.
- Volatility: Low (ATR: 24.13), typical of consolidation before a decisive movement.
- Patterns: TD Sequential shows "10 up", signal of possible temporary exhaustion.
Supports:
1. 770 USDT (psychological zone and VPVR).
2. 755 USDT (recent lows).
3. 718 USDT (base of the Ichimoku cloud).
Resistances:
1. 775-780 USDT (immediate highs and VPVR).
2. 790 USDT (historical resistance).
3. 800 USDT (strong psychological level).
🎯 Strategy:
- Scenario 1 (Bullish): If the price holds 770 USDT and breaks 775, target at 790-800 USDT. Stop loss at 755 USDT.
- Scenario 2 (Correction): If RSI/MFI trigger profit-taking, drop towards 755-718 USDT. Enter on dips with SL at 705 USDT.
- Scenario 3 (Sideways): Range 770-775 USDT, wait for breakout with volume.
🔍 Observations:
- Low volume vs. SMA(9): Lack of conviction in the current movement.
- Ichimoku suggests dynamic support at 718 USDT.
- Beware of prolonged overbought signals (possible quick correction).
Cryptocurrency trading involves high risk.
(DYOR) 😎
