1. Recent Price Action & History
BNB is consolidating around $660–$690, recently hitting a 52‑week high near $793 in May, with a 24‑hour range between $668–$687
Nasdaq
+14
TradingView
+14
CoinDCX
+14
.
Over the past month, it’s gained ~2–3%, with an uptick of ~4% in late June
CoinLore
+3
TradingView
+3
changelly.com
+3
.
2. Technical Setups Supporting Uptrend
Descending wedge breakout on 4‑hour chart, with targets around $697–710, then resistance at $728
TradingView
+2
CoinDCX
+2
tradinglounge.com
+2
.
Bullish flag & inverse H&S patterns suggest continuation toward $750–800+ .
Elliott Wave count shows corrective Wave ② ending near $633, projecting a Wave ③ rise; invalidation if drops below $597
TradingView
+2
tradinglounge.com
+2
TradingView
+2
.
Support zones holding firm at $648–637 and $608–592 .
3. Key Indicators
Price is above short‑ & mid‑term EMAs, waiting for hold above the 100/200‑day EMA confluence (~$612)
tradinglounge.com
+3
Iconomi
+3
CoinDCX
+3
.
The Stochastic RSI is overbought, risks a short consolidation before next leg .
🎯 Trade Analysis & Recommendation
You mentioned TP = 781, SL = 610. Here's an aligned plan:
Aspect Details
Entry After retracement into $648–660 or break above $690
Stop Loss (SL) Place around $610–$597 (key support/invalidation zone)
Take Profit (TP) Primary: $750–781 zone; beyond that, targets near $800–$830 plausible
Risk Management Risk ~5%, expect consolidation before breakout
🧭 Summary
Bullish stance justified — price structure supports uptrend, with clear technical triggers and historical momentum. Watch $648–637 and $610–597 as critical levels for pullback and stop placement. If BNB stays above those, chance of hitting your $781 TP is solid, with upside potential beyond.
Bottom Line:
Go long on consolidation pullback or breakout above ~$690
SL: ~$610 (or conservative $597)
TP: initial $781, trailing into $800+ if momentum continues
Tailor position size for acceptable risk and monitor EMA/RSI for signs of exhaustion.
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.