Binance Coin (BNB) - January 1Welcome, traders.
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(BNBUSDT 1M Chart)
We need to see if we can continue the uptrend along the uptrend line.
If it goes down from the uptrend line, it could drop near the 332.4 point, so trade cautiously.
(1W chart)
Above the 134.0-175.5 section: expected to continue upward trend
Above 258.6 point: Expected to create a new wave.
(1D chart)
We need to find support at the 507.9 point and see if we can move above the 526.6 point.
If it declines from the 507.9 point, it may decline to the 438.5-471.6 section, so careful trading is required.
As you get closer to the 438.5-471.6 section, you need to check whether there is a sharp movement.
We need to see if we can continue the uptrend with a move similar to Section A.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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