Follow-up on my $BNB zones from Oct 30: the 675 to 685 base held, but 717 did not.
What happened since:
- Oct 30 low: 682.16, inside the base.
- Oct 30 high: 722.08, above 717 intraday. The close was 704.42, back under.
- Today: 701 to 710.83, price near 701.5.
So buyers defend 680 and sellers defend 717 to 722. That is the box until one side breaks.
Levels:
- 722: a daily close above it opens 745, the pre-incident level.
- 682: the retest low. Under it, 650 to 655 (the Aug 21 low) is next.
Two dates matter: Binance says withdrawals restart in phases this weekend, and Proof of Reserves results are due Monday, Nov 2.
Earlier post: https://www.binance.com/en/square/post/382729141777218
NFA. Which breaks first for BNB: 722 or 682?
What happened since:
- Oct 30 low: 682.16, inside the base.
- Oct 30 high: 722.08, above 717 intraday. The close was 704.42, back under.
- Today: 701 to 710.83, price near 701.5.
So buyers defend 680 and sellers defend 717 to 722. That is the box until one side breaks.
Levels:
- 722: a daily close above it opens 745, the pre-incident level.
- 682: the retest low. Under it, 650 to 655 (the Aug 21 low) is next.
Two dates matter: Binance says withdrawals restart in phases this weekend, and Proof of Reserves results are due Monday, Nov 2.
Earlier post: https://www.binance.com/en/square/post/382729141777218
NFA. Which breaks first for BNB: 722 or 682?
