📊 Technical Analysis
● Daily candle closed back above the long-term median of the black rising channel after piercing the May-to-July grey resistance fan — a textbook “break-retest” that shifts the line into support at $793.
● Structure remains a staircase of higher-lows; the present pull-back is finding bids on the steep intraday trend-fan. A measured move of July’s pennant plus channel geometry converge at the round $900 barrier.
💡 Fundamental Analysis
● Binance’s 26ᵗʰ burn on 25 Jul destroyed 2.37 M BNB (~$1.9 B), shrinking circulating supply, while BNB Chain TVL rose another 4 % this week, underscoring persistent on-chain demand.
✨ Summary
Long $795-810; hold above $793 points to $835 → $900. Bull bias void on a daily close below $741.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
● Daily candle closed back above the long-term median of the black rising channel after piercing the May-to-July grey resistance fan — a textbook “break-retest” that shifts the line into support at $793.
● Structure remains a staircase of higher-lows; the present pull-back is finding bids on the steep intraday trend-fan. A measured move of July’s pennant plus channel geometry converge at the round $900 barrier.
💡 Fundamental Analysis
● Binance’s 26ᵗʰ burn on 25 Jul destroyed 2.37 M BNB (~$1.9 B), shrinking circulating supply, while BNB Chain TVL rose another 4 % this week, underscoring persistent on-chain demand.
✨ Summary
Long $795-810; hold above $793 points to $835 → $900. Bull bias void on a daily close below $741.
-------------------
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.