$BNB #USDT
Daily Chart Update đ
BNB has been in a clean uptrend since July, and the chart shows a textbook structure:
đą 1) Base: After the 537 low, BNB moved sideways between 560 and 600 for about 6 weeks.
đĄ 2) Breakout: Mid-August it broke above 600-620 on strong volume, and the move held.
đ” 3) Ascending channel: Higher highs and higher lows ever since. MA7 > MA25 > MA99, a bullish alignment.
đŽ 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:
â Support: 750-762 (MA25)
đ Bullish: a daily close above 810 breaks the double top
â ïž 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. đ§
What's your view: breakout or pullback first? đ
#bnb #BNBUSDT #crypto #BinanceSquareTalks
Daily Chart Update đ
BNB has been in a clean uptrend since July, and the chart shows a textbook structure:
đą 1) Base: After the 537 low, BNB moved sideways between 560 and 600 for about 6 weeks.
đĄ 2) Breakout: Mid-August it broke above 600-620 on strong volume, and the move held.
đ” 3) Ascending channel: Higher highs and higher lows ever since. MA7 > MA25 > MA99, a bullish alignment.
đŽ 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:
â Support: 750-762 (MA25)
đ Bullish: a daily close above 810 breaks the double top
â ïž 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. đ§
What's your view: breakout or pullback first? đ
#bnb #BNBUSDT #crypto #BinanceSquareTalks

