$BNB #USDT
Daily Chart Update 📊
BNB has been in a clean uptrend since July, and the chart shows a textbook structure:
🟢 1) Base: After the 537 low, BNB moved sideways between 560 and 600 for about 6 weeks.
🟡 2) Breakout: Mid-August it broke above 600-620 on strong volume, and the move held.
🔵 3) Ascending channel: Higher highs and higher lows ever since. MA7 > MA25 > MA99, a bullish alignment.
🔴 4) Double top at 807-810: Price was rejected at the same zone twice, with a long upper wick on the latest candle. Now at 779.
Levels I'm watching:
✅ Support: 750-762 (MA25)
🚀 Bullish: a daily close above 810 breaks the double top
⚠️ Bearish: a daily close below 750 breaks the channel, and the next support is around 700-720
The trend is still up, but bulls need to clear 810 to keep the momentum going. Patience at resistance, no FOMO. 🧠
What's your view: breakout or pullback first? 👇
#bnb #BNBUSDT #crypto #BinanceSquareTalks
Daily Chart Update 📊
BNB has been in a clean uptrend since July, and the chart shows a textbook structure:
🟢 1) Base: After the 537 low, BNB moved sideways between 560 and 600 for about 6 weeks.
🟡 2) Breakout: Mid-August it broke above 600-620 on strong volume, and the move held.
🔵 3) Ascending channel: Higher highs and higher lows ever since. MA7 > MA25 > MA99, a bullish alignment.
🔴 4) Double top at 807-810: Price was rejected at the same zone twice, with a long upper wick on the latest candle. Now at 779.
Levels I'm watching:
✅ Support: 750-762 (MA25)
🚀 Bullish: a daily close above 810 breaks the double top
⚠️ Bearish: a daily close below 750 breaks the channel, and the next support is around 700-720
The trend is still up, but bulls need to clear 810 to keep the momentum going. Patience at resistance, no FOMO. 🧠
What's your view: breakout or pullback first? 👇
#bnb #BNBUSDT #crypto #BinanceSquareTalks
