📊 Context (4H – BNB/USDT)
Previously: downtrend (downward channel) → broken out lower and then reversed
Now: clear uptrend (ascending channel)
Structure: higher lows + higher highs = bullish pattern
📈 What is bullish?
Breakout from the downward channel
Key moment – trend change
Retest and defense ~594–600
Very nice demand level
Upward impulse + momentum
Last candle: strong, breakout
RSI ~70
Strong trend (not an immediate signal to short)
Stoch RSI bounces from below
Continuation of the move is possible
📍 Key levels
🟢 Resistance:
641.9 → current local resistance (being tested now)
662.7 → main target (previous zone) supply)
🔴 Support:
611.7 → first support (local structure)
594.8 → strong support (key level)
566.6 → last line of defense of the trend
🔍 Scenarios
🟢 SCENARIO 1 — continuation (more likely)
If:
4H candle closes above 642
Then:
we are heading towards 662–670
👉 classic breakout + continuation
🟡 SCENARIO 2 — correction (healthy)
If:
rejection of 640–642
Then:
pullback to:
611 (ideal buy the dip)
max 595 (deep pullback)
👉 still bullish, only momentum reset
🔴 SCENARIO 3 — weakness (little for now) (likely)
If:
a drop below 594
Then:
a possible return to 566
the structure is starting to break down
🧠 Conclusions (most important)
Trend = UP
Momentum = strong
We are at resistance → market decision now
👉 Don't short strength
👉 Look for:
a long breakout >642
or a long pullback ~610 / ~595
Previously: downtrend (downward channel) → broken out lower and then reversed
Now: clear uptrend (ascending channel)
Structure: higher lows + higher highs = bullish pattern
📈 What is bullish?
Breakout from the downward channel
Key moment – trend change
Retest and defense ~594–600
Very nice demand level
Upward impulse + momentum
Last candle: strong, breakout
RSI ~70
Strong trend (not an immediate signal to short)
Stoch RSI bounces from below
Continuation of the move is possible
📍 Key levels
🟢 Resistance:
641.9 → current local resistance (being tested now)
662.7 → main target (previous zone) supply)
🔴 Support:
611.7 → first support (local structure)
594.8 → strong support (key level)
566.6 → last line of defense of the trend
🔍 Scenarios
🟢 SCENARIO 1 — continuation (more likely)
If:
4H candle closes above 642
Then:
we are heading towards 662–670
👉 classic breakout + continuation
🟡 SCENARIO 2 — correction (healthy)
If:
rejection of 640–642
Then:
pullback to:
611 (ideal buy the dip)
max 595 (deep pullback)
👉 still bullish, only momentum reset
🔴 SCENARIO 3 — weakness (little for now) (likely)
If:
a drop below 594
Then:
a possible return to 566
the structure is starting to break down
🧠 Conclusions (most important)
Trend = UP
Momentum = strong
We are at resistance → market decision now
👉 Don't short strength
👉 Look for:
a long breakout >642
or a long pullback ~610 / ~595
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.
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.