This BNB chart displays a bull flag pattern, indicating bullish momentum for the longer timeframe. The indicators suggest a consolidation phase in the shorter timeframe, with RSI and Stochastic RSI signaling temporary bearish pressure. However, the upward potential remains intact for a breakout to higher levels. Hence, while BNB appears bearish for the shorter timeframe, the overall trend supports a bullish outlook for the longer timeframe. This reflects strengthening sentiment and potential price recovery ahead.
The TOTAL3 chart showcases a bull flag pattern, signifying a consolidation phase in a broader bullish trend. Indicators such as RSI and Stochastic RSI highlight short-term bearish pressure due to temporary retracements. However, the overall market structure favors a bullish breakout in the longer timeframe, confirming sustained upward momentum. This aligns with the narrative that BNB, alongside other altcoins, is bearish in the shorter term but retains strong bullish potential for the longer time frame.
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The chart suggests BNB shows resistance around $690 with strong liquidation levels. Short-term bearish momentum persists; however, the broader structure aligns with a bullish breakout, confirming long-term upward potential for BNB.
Trade Details:
Entry: Around 682.80 ( Join my Binance live for premium crypto signals )
1st Tp: 708.58
2nd Tp: 736.91
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