📊 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!
● 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!
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
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.