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Binance Coin (BNB) - August 23

BINANCE:BNBUSDT   Binance Coin / TetherUS
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(BNBUSDT 1W Chart)
If the price is maintained above the 186.10-211.70 range, the uptrend is expected to continue.

In particular, if the price is maintained above the 296.00-348.70 range, it is expected to create a new wave.


(1D chart)
We need to see if we can sustain the price above the 453.99 point.

If it goes down, you should see support at the 390.08 point.


A move above the 453.99 point is expected to accelerate the uptrend.
This flow is expected to continue through the 564.32-588.0 section.

If it falls from the 296.00 point, a Stop Loss is required to preserve profit and loss.



Above the 186.10-211.70 section mentioned in the 1W chart means from a mid- to long-term point of view.

Even so, if you go down after an uptrend, you need a support point or section to protect.

This is because it is an investment to get a return on your holdings.


Therefore, a short-term response is required if a decline is made from the current price position.
However, since the current coin market is located in the volatility zone, there is a high possibility that a too quick response will result in a decrease in profits or a loss.

In the 1W chart, the section above 296.0-348.70 is described as a section where it is possible to create a new wave.

So, when the decline comes to the 296.0-348.70 range, we need to see if it finds support or if the decline is accelerating.
Then you have to react according to the direction it comes from.

You should think about how to react before the move, i.e. when you are in the price position right now.

It is because the third party can make a more objective judgment about how to respond when the price has dropped to the 296.0-348.70 range from the current point of view.

A way to think about it is

1. How much stock will you respond to?
2. At which point will the split selling or buying proceed?
3. How many divisions will you proceed?
4. How to determine the split ratio

You should think about it roughly in the same way as above.

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(BNBBTC 1W chart)
If the price holds above the 0.004813 point, it is expected that the uptrend will continue.

In particular, if the price holds above the 0.006783 point, it is expected to create a new wave.


(1D chart)
It remains to be seen if the 0.008672-0.009485 zone can find support and build a new wave as it rises above the 0.009971 point.

If it goes down, you should check to see if it finds support at the 0.006995-0.007739 zone.

If it falls in the range of 0.006995-0.007739, Stop Loss is required to preserve profit and loss.

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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 it is in an uptrend or in a downtrend, 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 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(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.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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