Correct contract:

1. General context of the chart:

The current price of BNB is $678.80, with a range in the last 24 hours between $669.43 and $687.65. This movement indicates consolidation in a key area, close to the upper limits of the Bollinger Bands.

2. Technical indicators:

a. Bollinger Bands (BB):

Upper band: $695.22

Moving average (SMA 20): $660.85

Lower band: $626.47

The current price is near the upper band, indicating bullish pressure, but also a possible overbought situation. The contraction of the bands suggests prior consolidation and a possible explosive movement soon.

b. Volume:

Recent volume: 2.9K, showing a decrease compared to previous peaks. This indicates that the current movement does not have enough strength, which could lead to a correction or pause in the rise.

c. MACD:

MACD Line: 6.10

Signal Line: 5.79

Histogram: 0.31

The MACD is in positive territory, reflecting bullish momentum. However, the histogram shows weakening, signaling a possible loss of strength in the trend.

d. RSI:

Current level: 62.11

The RSI is in a neutral-bullish zone, but still far from extreme levels (>70). This indicates that the asset has room to keep rising, but with caution against a possible correction.

e. Stochastic RSI:

%K: 98.25

%D: 96.68

The Stochastic RSI is in extreme overbought territory, suggesting a high probability of a pullback or consolidation in the short term.

3. Order book analysis:

Significant buy blocks:

1. $668 (23,012 contracts)

This is the strongest demand level in the book and acts as key support in case of pullbacks.

2. $660 (12,494 contracts)

Another important block that reinforces support in case of deeper drops.

Significant sell blocks:

1. $697 (22,083 contracts)

Area with high selling pressure, which could act as critical resistance in the short term.

2. $694 (5,431 contracts)

Minor but relevant block to halt a bullish impulse.

4. Possible trend for the next 1 to 3 days:

Scenario 1 (Bullish):

If the price breaks $687-690 with high volume:

Next target: $695, corresponding to the upper Bollinger band.

Maximum extension: $705, coinciding with the next order block.

Scenario 2 (Bearish):

If the price drops below $668-670:

Next support: $660, reinforced by the order block.

Maximum extension: $650, where there is a buildup of buy orders.

Conclusion and Possible Operation:

Expected trend:

The current consolidation suggests a possible explosive movement in the range of $668-$697. However, the stochastic in overbought territory and decreasing volume slightly tilt the bias towards a pullback or mild correction before a new bullish impulse.

Simulation of operations considering the scenarios (bullish or bearish):

LONG Entry:

Price: $668-$670

Take Profit: $695

Stop Loss: $660

SHORT Entry:

Price: $695-$697

Take Profit: $676

Stop Loss: $705

Both scenarios require confirmation with volume and price behavior in key areas, the possible operations along with the analysis do not represent financial advice, remember to do your own analysis and remember, besides having good risk management, to consult with a professional before making any decision.

As always, we thank our CRIPTONOMADE community, which grows bigger every day thanks to you! We will soon upload more analyses.

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