$BNB is trading near 743 USDT after two rejections at 760-762 since yesterday. Price just came back to the rising trendline.
• Trend: higher lows since the Oct 24 wick (718 > 732 > 734 > 738). Price sits right on the 4H EMA50 (~743) and EMA200 (~742), both flat, so the bigger trend is sideways
• Key support: 738-739 (today's low and the trendline), then 731-734 (Oct 26-27 lows), then 718 (Oct 24 low)
• Key resistance: 754-755 (Oct 27 high and today's early high), then 760-762 (Oct 28 high, rejected again today)
• RSI(14) ~49, momentum flat after the drop from 761
• Bullish: a 4H close above 755 opens a third try at 760-762. Bearish: a close under 738 breaks the trendline and puts 731-734 in play
Holding 738 keeps the higher-low structure intact. Losing it turns this into a range between 718 and 762.
Not financial advice.
#BNB #TechnicalAnalysis #CryptoMarket #Binance
• Trend: higher lows since the Oct 24 wick (718 > 732 > 734 > 738). Price sits right on the 4H EMA50 (~743) and EMA200 (~742), both flat, so the bigger trend is sideways
• Key support: 738-739 (today's low and the trendline), then 731-734 (Oct 26-27 lows), then 718 (Oct 24 low)
• Key resistance: 754-755 (Oct 27 high and today's early high), then 760-762 (Oct 28 high, rejected again today)
• RSI(14) ~49, momentum flat after the drop from 761
• Bullish: a 4H close above 755 opens a third try at 760-762. Bearish: a close under 738 breaks the trendline and puts 731-734 in play
Holding 738 keeps the higher-low structure intact. Losing it turns this into a range between 718 and 762.
Not financial advice.
#BNB #TechnicalAnalysis #CryptoMarket #Binance
