Binance Coin (BNB) - January 16

BINANCE:BNBUSDT   Binance Coin / TetherUS
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You should watch for any movement that deviates from the 38.1558-45.0221 section.
In particular, you need to make sure you can get support at point 41.5580.

If you fall from 36.3618-38.1558, you can touch the 29.84 point, so a short stop loss is required.
However, you need to trade carefully as you can move up by touching the 35.4888 point and the uptrend line (3).

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** All indicators are lagging indicators.
So, you need to be aware that the indicator moves accordingly with the movement of price and volume .
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
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What should we do now? All coins come down:(
readCrypto martinhamidi2000
@martinhamidi2000, Today’s BTC analysis.
Please read it.

+1 Reply
readCrypto martinhamidi2000
+1 Reply
Thanks for always sharing, Im new on Crypto, hopefully can learn more from your chart. Many thanks!
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