BNB
BNBUSDT
852.29
+0.22%

BNB/USDT market analysis

Uptrend

  1. Short term:

    • RSI: Current RSI is around 57, in the neutral zone but leaning towards an uptrend.

    • MACD: The MACD line is above 0, indicating that bullish momentum is still present.

    • Long position:

      • Reference price: Buy in the support zone $590 - $600.

      • Target: $630 - $650.

  2. Long term:

    • RSI: If RSI rises above 60, the long-term uptrend may become more pronounced.

    • Long position:

      • Wait for the price to adjust to $580 to accumulate.

      • Target: $680 - $700.

Downtrend

  1. Short term:

    • RSI: RSI is at a neutral level, but if it drops below 50, it may signal increasing selling pressure.

    • MACD: The MACD line shows signs of gradually weakening, needs to be monitored if it crosses down the signal line.

    • Short position:

      • Reference price: Sell in the range $620 - $630.

      • Target: $580 - $570.

  2. Long term:

    • RSI: If RSI drops below 45, the long-term downtrend will be stronger.

    • Short position:

      • Reference price: Sell at $610 - $620.

      • Target: $540 - $550.

Warning:

  • The BNB/USDT chart is fluctuating in a narrow range, the overall trend needs additional signals for confirmation.

  • This is only a reference analysis, not financial advice. Always apply risk management strategies.