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Binance Coin (BNB) - June 20

BINANCE:BNBUSDT   Binance Coin / TetherUS
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(BNBUSDT 1W Chart)
If the price holds above the 348.70 point, we expect the uptrend to continue.

Since a support period could not be formed due to a sharp rise, if it falls from the 186.10-210.21 range, there is a possibility of entering the mid- to long-term investment area.
Accordingly, careful trading is required.

Currently, it is a weak support zone, but if it finds support in the 210.21-296.0 zone and rises, it is expected to form a support zone to create a new wave.


(1D chart)
To continue the uptrend, we need to see if it can find support by moving at least above the 343.48 point.

If it declines as it is, Stop Loss is required to preserve profit and loss.
However, caution is advised as it may find support at the 296.0 point and move along the uptrend line.


There is virtually no trade to do as the price is falling due to a sharp drop in trading volume.
This decline in price due to a decrease in trading volume is because an increase in trading volume can lead to a rapid price increase at any time.

Therefore, I think it is good to proceed with trading after seeing the increase in trading volume.

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(BNBBTC 1W Chart)
If the price holds above the 0.004813 point, we expect the uptrend to continue.

In particular, if the price holds above the 0.007520 point, the uptrend is expected to accelerate.


(1D chart)
We need to see support at the 0.009134 point and see if we can move along the uptrend line.

If it goes down, you should check to see if it finds support in the 0.008235-0.009134 range.

If it falls from the 0.008235 point, you need Stop Loss to preserve your profit.
However, it can touch the 0.004813 point and rise, so you need to think about how to react.

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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.

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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