$BNB /USDT Technical Analysis & Trade Signals
Current Price: $714.75 - $715.74
The price is consolidating within a narrow range after a recent dip. Momentum indicators show bearish pressure, but support levels are holding strong.
Technical Indicators:
1. Moving Averages (MA):
20 EMA: Resistance near $718.00
50 EMA: Key resistance at $722.50
2. RSI: Currently at 38, indicating a bearish trend but approaching oversold territory.
3. MACD: Bearish crossover with negative histogram values.
Support & Resistance Levels:
Immediate Support: $711
Major Support: $705
Immediate Resistance: $722
Major Resistance: $728
Trade Signal:
Momentum: Moderate bearish with potential for reversal near support zones.
Long Trade Setup (Bounce from Support):
Entry: $708 - $710
Stop Loss: $695
Targets 🎯:
1. Target 1: $720
2. Target 2: $725
3. Target 3: $735
Short Trade Setup (Rejection at Resistance):
Entry: $720 - $724
Stop Loss: $730
Targets 🎯:
1. Target 1: $705
2. Target 2: $695
3. Target 3: $685
Analysis Summary:
Watch for a break below $710 for further downside momentum.
If price holds above $710, expect a relief rally toward $715 or higher.
RSI nearing oversold indicates a potential short-term reversal