Chart 1 Analysis: BNB Liquidation Map:
The liquidation chart shows the areas of greatest interest where liquidation orders are concentrated, reflected in brighter colors. This can act as key support or resistance zones.
Observations:
1. Concentration zones:
Between 660-673: Strong presence of liquidations, indicating resistance at this level.
Between 634-647: Area with lower intensity, possible area of dynamic support.
Between 621-634: Critical zone with accumulation of liquidations, acting as a stronger support.
2. Recent behavior:
The price shows consistent reactions near the areas with the highest liquidation volume, suggesting that movements towards these zones could generate volatility.
3. Operational implication:
Key resistance: 660-673.
Relevant supports: 634-647 and 621-634.
Chart 2 Analysis: BNB/USDT on 1 Hour Timeframe
Technical indicators:
1. Bollinger Bands (BB):
Current range: 631.09 (lower) to 659.86 (upper).
The price is in the middle band after bouncing from the lower one, indicating bullish pressure.
2. Exponential Moving Average (EMA):
50-hour EMA: 650.45, acting as dynamic resistance.
3. RSI (Relative Strength Index):
Current value: 48.97, reflecting a neutral zone with a slight downward trend. There are no signs of oversold or overbought.
4. Stochastic RSI:
Indicator at 72.23 (overbought), but with room to continue upwards before reversing.
5. MACD (Moving Average Convergence Divergence):
MACD line below the signal (-0.624), indicating short-term bearish pressure.
6. Volume:
Decreasing volume in the last few candles, suggesting a lack of strength to break important resistances.
Supports:
642.01: Immediate support zone, coincides with order accumulation zones.
627.46: Strong support, aligned with the liquidation map.
Resistors:
650.45 (EMA 50): Key dynamic resistance.
659.86-661.68: Strong resistance level visible at Bollinger Bands and recent highs.
Possible scenarios:
1. Bullish scenario (medium probability):
If the price breaks above 650.45 (EMA), it could try to attack the resistance at 659.86-661.68.
Bullish Confirmation: Breakout with volume above 661.68.
2. Bearish scenario (high probability):
The neutral RSI and bearish MACD suggest further downside pressure.
The price could retreat towards 642.01, and if lost, the next target would be 627.46.
Conclusion:
The price of BNB is at a critical point, limited by dynamic resistances and supports marked by order accumulation. My recommendation would be to wait for confirmation of the breakout of the EMA 50 to trade in the direction of the breakout, prioritizing a controlled risk strategy and taking advantage of the highlighted liquidation levels.
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