Contracting Bollinger Bands from a mid- to long-term perspective

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(BNBBTC 1W chart)

The question is whether it can break out of the downtrend line and rise above 0.014115.

If not, you should check for support around 0.009485.

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(BNBUSDT 1W Chart)

The Bollinger Bands are starting to contract.

Therefore, the key is whether it can be supported near the M-Signal indicator or HA-High indicator on the 1M chart.


(1D chart)
The 179.2-243.5 section is a strong support section, and I think it is a section worth actively buying.


The 297.5-316.1 section is the section where the -100 and +100 indicators of the 1D chart are formed, and the trend is likely to continue in the direction of departing from this section.

However, considering the position of each trend line, it is judged that there is a possibility of maintaining the formed trend only when it falls above 332.4 and below the upward trend line (1) (approximately 270).


If it rises above 348.9-353.3, it is expected to surge.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Comment:

(BNBUSDT chart)

The key is whether it can be supported around 332.4 and rise above 353.3.