Downloading...
Download

Bnbusdanalysis

DeGRAM | BNBUSD above the support📊 Technical Analysis ● BNB is climbing a steep micro-channel nested in the long-term purple up-trend; the last dip stopped exactly at the $775 breakout shelf and printed a fresh higher-high, showing buyers still protect every pull-back. ● The old March resistance line has been broken and retested as support; its extension, plus the channel ceiling, converge at $835-840—matching the 1.618 flag-pole projection from July’s consolidation. 💡 Fundamental Analysis ● On-chain activity is surging: Yahoo Finance reports BNB Chain daily transactions and DEX volume just reached multi-month highs, underpinning spot demand. ✨ Summary Long $775-790; hold above the green shelf targets $835 → $840. Invalidate on a 4 h close below $741. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
DeGRAM | BNBUSD above the resistance📊 Technical Analysis ● Candle closes have punched through the long-term black resistance and purple trend cap, turning the $666-673 breakout shelf into support as price tracks the grey inner up-sloper inside the rising channel. ● A pennant is coiling just beneath May’s peak; its measured pole and the channel geometry indicate $705 first, then the upper rail / horizontal supply near $731 once $700 gives way. 💡 Fundamental Analysis ● Binance’s 26ᵗʰ quarterly burn, slated for late July, is expected to remove more than 2 M BNB from circulation, reinforcing last week’s TVL uptick and sustaining bid interest . ✨ Summary Long $666-680; sustained trade above $691 opens $705 → $731. Invalidate on a 4 h close below $641. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
DeGRAM | BNBUSD broke the resistance line📊 Technical Analysis ● Breakout: price pierced the purple descending resistance, retested it and the green $641-648 demand cluster, then bounced—confirming the breakout as valid support. ● Rising channel intact; higher-low sequence points to the mid-band confluence at $673. A measured move from the mini flag that is forming inside the channel also projects to $705. 💡 Fundamental Analysis ● Binance’s “Megadrop 2” airdrop locked another 350 k BNB this week while BNB Chain TVL rose 4 %, tightening float and sustaining bid. ✨ Summary Long $645-655; hold above $641 targets $673 ➜ $705. Invalidate on a 4 h close beneath $604. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
DeGRAM | BNBUSD exited from the wedge📊 Technical Analysis ● Price is respecting a fresh up-sloping channel; the last pull-back halted exactly at $644 support & the inner grey trend-line, printing a higher low and confirming the former wedge top as demand. ● Inside the channel price is carving a bullish pennant whose 1.618 swing meets the red $730-$735 resistance band and the long-term purple down-trend, while RSI holds above its mid-line—signalling persistent upside pressure. 💡 Fundamental Analysis ● BNB Chain’s June “Roll-ups” test-net cut L2 fees 90 %, boosting TVL, and Binance’s new Megadrop staking programme has pushed exchange outflows to a 4-month high, tightening circulating supply. ✨ Summary Buy $645-$660; pennant break >$680 targets $705 → $730. Long bias void on a 16 h close below $604. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
4
DeGRAM | BNBUSD Came out of the Downward Wedge📊 Technical Analysis ● Price has broken the 7-month descending wedge and closed above the purple resistance near $600, flipping it to support. ● Successful retest plus a series of higher lows inside a nascent up-channel point toward $655 (trend-line cap) and the wider supply at $730. 💡 Fundamental Analysis ● The Lorentz main-net hard fork (29 Apr) cuts BNB Chain block times and boosts throughput, spurring on-chain activity. ● Kraken’s new BNB listing and growing alt-coin ETF odds keep demand firm; FXStreet notes a $590 breakout opens a path to $650+. ✨ Summary Breakout + network upgrade reinforce a short-term long bias: objectives $655 → $730. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
1