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⏰ We’re analyzing BNB on the 1-Hour timeframe.
👀 On the 1-hour timeframe of Binance Coin we can see that this coin, the popular token of Binance exchange with very strong backing, has formed a very important resistance at $885. With a breakout and confirmation above this level, and if the PPI news is positive, BNB could start another strong upward move.
⚙️ The key RSI level for this coin is at 64, and breaking above this level could give BNB higher volatility and even a price surge.
🕯 The volume, size, and number of green candles are increasing, and it seems we are almost exiting the range structure. With buying pressure and rising volatility, BNB could form more green candles and experience solid price growth.
🌒 On the 1-hour timeframe of the BNBBTC pair we can see that it has been rejected from the 0.007915 zone, which has created a trigger for a breakout at this level. If this zone is broken, BNB could also break its marked resistance in the USDT pair and move upward.
💡 This coin had resistance at $885, which has now been broken, and it is moving upward. A pullback to this resistance also happened during this breakout, which was executed well. For confirmation, you can also check the 15-minute timeframe.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
⏰ We’re analyzing BNB on the 1-Hour timeframe.
👀 On the 1-hour timeframe of Binance Coin we can see that this coin, the popular token of Binance exchange with very strong backing, has formed a very important resistance at $885. With a breakout and confirmation above this level, and if the PPI news is positive, BNB could start another strong upward move.
⚙️ The key RSI level for this coin is at 64, and breaking above this level could give BNB higher volatility and even a price surge.
🕯 The volume, size, and number of green candles are increasing, and it seems we are almost exiting the range structure. With buying pressure and rising volatility, BNB could form more green candles and experience solid price growth.
💡 This coin had resistance at $885, which has now been broken, and it is moving upward. A pullback to this resistance also happened during this breakout, which was executed well. For confirmation, you can also check the 15-minute timeframe.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
join our Telegram channel for more insightful and educational content .
t.me/satoshiframe
t.me/satoshiframe
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.