#BNB Weekly Currency Analysis

1. MACD (Moving Average Convergence Divergence Indicator):

• MACD line is above the Signal Line, indicating positive momentum.

  • • The positive bars on the MACD chart support the uptrend, but their strength seems moderate.


2. RSI (Relative Strength Index):

• RSI reading of 58.79 indicates that the currency is in a neutral to bullish zone, away from the overbought (70) and oversold (30) zone.

• This reflects the possibility of the upward trend continuing if the momentum continues.

3. Price movements:

• The current price is at $684.26, still near the psychological resistance at $700.

• If this level is broken, we could see a move towards $750-800 levels.

• In case of correction, strong support levels at $600 may form a rebound point.

4. Expectations:

• Positive (bullish): If the current momentum continues and the price breaks the $700 level steadily.

• Caution: If RSI or MACD show signs of weakness or reversal, the market should be closely monitored.


Recommendation:

• Buy cautiously with $700 break.

• Create a risk management plan, and set a stop loss point below $600.