December 18 BNB Analysis

Review of yesterday's recap: The overall trend of Binance Coin compared to BTC was relatively weak. After failing to break the 880 resistance on the upside, it declined back to the low of 853, bottomed out and rebounded, reaching the low of 833 this morning. Currently, Binance Coin is showing relatively weak performance among platform tokens, with small fluctuations.
MA Analysis
On the 4-hour Bollinger Bands, the three lines are moving downward, corresponding to prices: 894, 864, 834. The market is currently oscillating. Additionally, the current trend continuously touches the lower band, and the pullback does not break above the MA5. On the 1-hour Bollinger Bands, the three lines are also moving downward, corresponding to prices: 873, 852, 831. The market is also in a consolidation phase. The MA5 is crossing above the MA10 from below, but BNB is currently below MA5 and above the lower band, moving upward without breaking MA5 and downward without breaking the lower band.
MACD Moving Averages
Currently, the short-term MA5 corresponds to a price of 982, crossing above MA10 at 967, forming a golden cross and indicating an upward trend, and has already crossed above MA30 at 964.
Conclusion: Consolidation phase
Short-term consolidation range: 836-849
Upper resistance levels: 849, 854, 864
Lower support levels: 836, 824, 810
High-altitude short strategy: If the price fails to break above 849 on the upside, establish a head short position, add to the position at 854.
Low-altitude long strategy: Head long at 836, add to long positions at 824.