Uptrend reversal: When price is maintained above 268.5
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BNBUSDT chart)
Regardless of whether you use Binance Exchange or not, its influence on the coin market is quite high because it is the largest exchange.
BNB coins are continuously reducing the number of BNB coins through buybacks.
There are quite a few coins (tokens) that are expanding their correlation with this exchange, so it is one of the coins that is expanding the coin ecosystem by forming a network called BNB chain and increasing its correlation.
(1M charts)
One wave creates a wave that is completely different from the previous one.
Accordingly, the 179.2-210.2 section can be considered an important boundary section.
However, because BNB is a coin associated with an exchange, the risk burden should be considered higher, unlike BTC or ETH.
Therefore, I do not think it is appropriate to blindly drag the purchase principal into a long-term investment.
Therefore, I believe that the trading method of increasing the number of coins corresponding to profit through trading in response to rising or falling times is the way to stabilize one's psychological state.
This method will be applied to all altcoins thereafter.
Like yesterday's NEAR coin, it is one of the coins that has not risen above the MS-Signal indicator on the 1M chart among coins that are expanding the coin ecosystem.
Therefore, you can see that it is showing a slower rise than other coins (tokens).
(1W chart)
The key is whether it can rise to the 283.4-339.08 range and receive support.
To do so, it is important whether the price can be maintained by rising above 260.72.
(1D chart)
It touched the 268.5 point and appeared to be trying to break through the M-Signal indicator on the 1M chart.
Accordingly, if the price is maintained above the 240.2-248.8 range, the possibility of starting an upward trend is expected to increase by rising above the M-Signal indicator on the 1M chart.
Therefore, the key is whether the price can rise above 268.5 and maintain it.
-------------------------------------------------- ---
BNB is one of the altcoins other than BTC or ETH that is suitable for mid- to long-term investment.
However, if a problem occurs at the exchange and the exchange is closed, it will be useless, so you should always think about ways to respond to this and create a trading strategy.
Therefore, if possible, I think it is better to choose a trading method that increases the number of coins in response to profits.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(BNBUSDT chart)
BNB coins are continuously reducing the number of BNB coins through buybacks.
There are quite a few coins (tokens) that are expanding their correlation with this exchange, so it is one of the coins that is expanding the coin ecosystem by forming a network called BNB chain and increasing its correlation.
(1M charts)
Accordingly, the 179.2-210.2 section can be considered an important boundary section.
However, because BNB is a coin associated with an exchange, the risk burden should be considered higher, unlike BTC or ETH.
Therefore, I do not think it is appropriate to blindly drag the purchase principal into a long-term investment.
Therefore, I believe that the trading method of increasing the number of coins corresponding to profit through trading in response to rising or falling times is the way to stabilize one's psychological state.
This method will be applied to all altcoins thereafter.
Like yesterday's NEAR coin, it is one of the coins that has not risen above the MS-Signal indicator on the 1M chart among coins that are expanding the coin ecosystem.
Therefore, you can see that it is showing a slower rise than other coins (tokens).
(1W chart)
To do so, it is important whether the price can be maintained by rising above 260.72.
(1D chart)
Accordingly, if the price is maintained above the 240.2-248.8 range, the possibility of starting an upward trend is expected to increase by rising above the M-Signal indicator on the 1M chart.
Therefore, the key is whether the price can rise above 268.5 and maintain it.
-------------------------------------------------- ---
BNB is one of the altcoins other than BTC or ETH that is suitable for mid- to long-term investment.
However, if a problem occurs at the exchange and the exchange is closed, it will be useless, so you should always think about ways to respond to this and create a trading strategy.
Therefore, if possible, I think it is better to choose a trading method that increases the number of coins in response to profits.
--------------------------------------------------
- The big picture
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
We need to hold the price above 179.2-210.2 and see if we can rise above 233.9 to sustain the price.
If that happens, I think there is a possibility that it will rise in line with the rise of BTC.