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BNB has been making good gains in the past few days. BNB is showing an upward trend again. Let's wait and see if it will touch the New ATH. #TradeEagleFamily #TradeEagleNews
BNB has been making good gains in the past few days. BNB is showing an upward trend again. Let's wait and see if it will touch the New ATH. #TradeEagleFamily #TradeEagleNews
BNB has been making good gains in the past few days. BNB is showing an upward trend again. Let's wait and see if it will touch the New ATH. #TradeEagleFamily #TradeEagleNews
Interpretation: ⢠All moving averages are trending upward. ⢠The short-term MA(7) is above both the MA(25) and MA(99), signaling strong bullish momentum. ⢠The price is significantly above all three MAs, which may also hint at overbought conditions in the short term.
š Volume ⢠Volume spike is clearly visible. ⢠High volume accompanying a price breakout generally supports the validity of the move ā indicating strong buying interest.
š MACD (Moving Average Convergence Divergence) ⢠MACD Line (Yellow) is well above the Signal Line (Purple). ⢠MACD Histogram is green and growing. ⢠MACD: 0.94 (positive)
Interpretation: ⢠Bullish momentum is increasing. ⢠A strong MACD crossover has likely occurred recently, further confirming the uptrend.
Interpretation: ⢠All RSI values are above 70 or near 70, signaling that BNB is overbought. ⢠This could indicate a potential pullback or consolidation in the short term.
ā Summary ⢠Trend: Strong Bullish ⢠Momentum: High, confirmed by volume and MACD ⢠Overbought?: Yes, based on RSI ⢠Support Zone: Around $730ā$742 ⢠Resistance Level: Next psychological resistance may be around $770ā$800
ā ļø Possible Strategies ⢠If you are holding BNB: Consider taking partial profits or setting a stop-loss closer to support. ⢠If planning to buy: A pullback to the $730ā$740 range could be a better entry point than chasing the price now. ⢠If shorting: High risk unless clear reversal signals appear; wait for MACD crossover or RSI divergence.
Panic buy or panic sell will only bring you regrets You have to wait and watch, $BTC moves, get stables and then altcoins start their magic, nothing happens overnight, you have to wait, until it hits your target, I am holding most of the coins i recommended, i will share details as i see target hitting, You have to understand the process and follow it, Stop falling for fear, #TradeEagleAdvice