Jacquelyne Stancombe gzn9
Open Trade
Frequent Trader
11.8 Months
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I am a beginner and here is my prediction for Bananas31. correct me if I am wrong
🔍 Chart Pattern Analysis (15m timeframe)
You’ve correctly identified a Head and Shoulders pattern again. Here's what's happening now:
✅ Confirmed Breakdown
The price is hovering at or slightly below the neckline, around 0.00739.
This looks like a breakdown in progress from the Head and Shoulders pattern.
Volume is gradually increasing on red candles — which is a bearish confirmation.
---
📉 Bearish Signals
Neckline breached: That means the pattern has played out, and a further downward move is likely.
Volume behavior: Increasing red volume = sellers taking over.
Price rejection from right shoulder level confirms resistance near 0.00763.
---
📊 Levels to Watch
Key Level Significance
0.00763 Right shoulder resistance
0.00750 Minor support, now broken
0.00739 Neckline area (currently breaking)
0.00725 First bearish target (support zone)
0.00710 Second bearish target, based on pattern height
---
🔮 Prediction
Unless there's a sudden bullish reversal:
> Price likely to drop further toward 0.00725 and possibly 0.00710.
However, if price closes above 0.00750 again with strong green candle and volume, short-term bullish bounce is possible — but that's less likely as of now.
---
🧠 What You Can Do
Already holding? Consider setting a stop-loss below 0.00730 to manage risk.
Looking to short? Entry on retest of neckline (~0.00739–0.00742) is possible, with targets at 0.00725 & 0.00710.
Want to go long? Wait until the price breaks above 0.00763 with volume.
#BananaS31 #cryptocurreny #defi #TechnicalAnalysis #CryptoTrading. $BANANAS31
🔍 Chart Pattern Analysis (15m timeframe)
You’ve correctly identified a Head and Shoulders pattern again. Here's what's happening now:
✅ Confirmed Breakdown
The price is hovering at or slightly below the neckline, around 0.00739.
This looks like a breakdown in progress from the Head and Shoulders pattern.
Volume is gradually increasing on red candles — which is a bearish confirmation.
---
📉 Bearish Signals
Neckline breached: That means the pattern has played out, and a further downward move is likely.
Volume behavior: Increasing red volume = sellers taking over.
Price rejection from right shoulder level confirms resistance near 0.00763.
---
📊 Levels to Watch
Key Level Significance
0.00763 Right shoulder resistance
0.00750 Minor support, now broken
0.00739 Neckline area (currently breaking)
0.00725 First bearish target (support zone)
0.00710 Second bearish target, based on pattern height
---
🔮 Prediction
Unless there's a sudden bullish reversal:
> Price likely to drop further toward 0.00725 and possibly 0.00710.
However, if price closes above 0.00750 again with strong green candle and volume, short-term bullish bounce is possible — but that's less likely as of now.
---
🧠 What You Can Do
Already holding? Consider setting a stop-loss below 0.00730 to manage risk.
Looking to short? Entry on retest of neckline (~0.00739–0.00742) is possible, with targets at 0.00725 & 0.00710.
Want to go long? Wait until the price breaks above 0.00763 with volume.
#BananaS31 #cryptocurreny #defi #TechnicalAnalysis #CryptoTrading. $BANANAS31
BANANAS31 – Oversold, But No Bullish Reversal Yet! Be Cautious!
BANANAS31 has dropped more than 85% from its recent high (0.0739 → 0.0103).
Currently, it's sitting deep in the oversold zone with RSI around 18, but I don’t see any strong signs of reversal yet.
📉 Key Observations:
Price is still below MA(7), MA(25), and MA(99)
No bullish candle pattern (e.g. hammer or engulfing)
Volume is low, indicating weak buyer interest
Trend remains bearish on the 15-minute chart
💡 My Plan:
I’m not entering right now. Waiting for confirmation like:
A strong green candle with volume
RSI recovery above 30
Price reclaiming MA(7) or MA(25)
Sometimes, not trading is also a smart trade.
Protect your capital and wait for high-probability setups. 📊
What do you think — is this the bottom for $BANANAS31 or will it fall further? Drop your thoughts 👇
#BANANAS31 #CryptoTrading #TechnicalAnalysis #BinanceFeed #RSI
@Binance @BinanceResearch
BANANAS31 has dropped more than 85% from its recent high (0.0739 → 0.0103).
Currently, it's sitting deep in the oversold zone with RSI around 18, but I don’t see any strong signs of reversal yet.
📉 Key Observations:
Price is still below MA(7), MA(25), and MA(99)
No bullish candle pattern (e.g. hammer or engulfing)
Volume is low, indicating weak buyer interest
Trend remains bearish on the 15-minute chart
💡 My Plan:
I’m not entering right now. Waiting for confirmation like:
A strong green candle with volume
RSI recovery above 30
Price reclaiming MA(7) or MA(25)
Sometimes, not trading is also a smart trade.
Protect your capital and wait for high-probability setups. 📊
What do you think — is this the bottom for $BANANAS31 or will it fall further? Drop your thoughts 👇
#BANANAS31 #CryptoTrading #TechnicalAnalysis #BinanceFeed #RSI
@Binance @BinanceResearch
#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_ZTVEU
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