$BNB is trading near 714 USDT after two days boxed in at 694-711 under the Oct 30 flush. This afternoon's 4H candles finally pushed through the Oct 31 high (710.83) and tagged 716.
• Trend: the Oct 30 drop from 745 to a 680 wick broke the floor of the Oct 18-29 range. Since then the lows keep rising (694 > 698.8 > 702) along a short trendline that sits near 706 now
• Key support: 703-706 (box base + trendline), then 694-696 (Oct 30-31 lows), then 680 (the flush wick)
• Key resistance: 720-722 (Oct 30 bounce highs), 724.8 (4H EMA50), then 731-737 where the Oct 24-27 lows and the EMA200 (~736.8) stack up
• RSI(14) ~47, up from the mid-30s on Oct 30 but not over 50 yet
• Bullish: a 4H close above 722 and the EMA50 opens 731-737. Bearish: losing 703 and the trendline sends it back to 694, and under that 680 is the next real level
I read this as a breakout attempt that still has to clear 722 before it means much.
Not financial advice.
#BNB #BNBChain #TechnicalAnalysis #CryptoMarket #Binance
• Trend: the Oct 30 drop from 745 to a 680 wick broke the floor of the Oct 18-29 range. Since then the lows keep rising (694 > 698.8 > 702) along a short trendline that sits near 706 now
• Key support: 703-706 (box base + trendline), then 694-696 (Oct 30-31 lows), then 680 (the flush wick)
• Key resistance: 720-722 (Oct 30 bounce highs), 724.8 (4H EMA50), then 731-737 where the Oct 24-27 lows and the EMA200 (~736.8) stack up
• RSI(14) ~47, up from the mid-30s on Oct 30 but not over 50 yet
• Bullish: a 4H close above 722 and the EMA50 opens 731-737. Bearish: losing 703 and the trendline sends it back to 694, and under that 680 is the next real level
I read this as a breakout attempt that still has to clear 722 before it means much.
Not financial advice.
#BNB #BNBChain #TechnicalAnalysis #CryptoMarket #Binance
