Get started
Binance Coin / TetherUS

The key is whether it can rise above 691.77

79

Hello, traders.

If you "Follow", you can always get the latest information quickly.
Have a nice day today.

-------------------------------------

(BNBUSDT 1D chart)
snapshot
The key is whether it can rise above the previous ATH point of 691.77 and maintain the price.

Currently, I think the OBV indicator is showing an increase with trading volume as it rises above the High Line.

-
If it fails to rise, we should check whether the price can be maintained above the M-Signal indicator on the 1D chart.

If it falls below the HA-High indicator point of 654.90, it will eventually fall below the M-Signal indicator on the 1D chart, so it is likely to turn into a short-term decline, so caution is required when trading.

If it continues to fall further, it is expected to determine the trend again when it meets the M-Signal indicator on the 1W chart.

-
If it rises above 691.77 and maintains the price, it seems likely to renew the ATH.

-
The basic trading strategy is to buy near the HA-Low indicator and sell near the HA-High indicator.

However, if it is supported and rises on the HA-High indicator, it is likely to show a stepwise rise, and if it is resisted and falls on the HA-Low indicator, it is likely to show a stepwise fall.

Therefore, the basic trading method should be a split trading method.

You should establish a basic trading strategy that suits your investment style.

Otherwise, you may trade in the wrong direction due to subjective thoughts caused by price volatility.

-
Thank you for reading to the end.
I hope you have a successful trade.

--------------------------------------------------

- ​​This is an explanation of the big picture.

(3-year bull market, 1-year bear market pattern)
3-year bull market, 1-year bear market pattern


I will explain more details when the bear market starts.

------------------------------------------------------
readCrypto
Mod
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.

◆ t.me/readCryptoChannel

[HA-MS Indicator]
bit.ly/3YxHgvN

[OBV Indicator]
bit.ly/4dcyny3



Also on:
Beyond Technical AnalysisBNBbnbusdBNBUSDTHA-MSTechnical IndicatorstradingstrategyTrend Analysis

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.
Beyond Technical AnalysisBNBbnbusdBNBUSDTHA-MSTechnical IndicatorstradingstrategyTrend Analysis
readCrypto
Mod
Other content (coins, stocks, etc.) is frequently posted on X.
X에 다른 내용(코인, 주식 등)이 자주 게시됩니다.

◆ t.me/readCryptoChannel

[HA-MS Indicator]
bit.ly/3YxHgvN

[OBV Indicator]
bit.ly/4dcyny3



Also on:

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.