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(BNBUSDT 1W Chart)
In order to continue the uptrend in earnest, it must rise above the 332.4-353.3 section.
Therefore, the key is whether it can be supported and rise in the 254.8-296.0 section.
(1D chart)
It rose above 254.8 and is showing signs of breaking above the 60 SMA.
As such, we need to see if we can support above 254.8 and move above the 287.7-332.4 section.
If it falls without being supported in the 287.7-332.4 section, it may fall to around 226.9 with a further decline, so a short-term stop loss is required.
The RSI and Stoch RSI indicators are located in the overbought zone.
So, if you break out of the overbought zone, you need to know where you will find support and resistance.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
---------------------------------
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BNBUSDT 1W Chart)
Therefore, the key is whether it can be supported and rise in the 254.8-296.0 section.
(1D chart)
It rose above 254.8 and is showing signs of breaking above the 60 SMA.
As such, we need to see if we can support above 254.8 and move above the 287.7-332.4 section.
If it falls without being supported in the 287.7-332.4 section, it may fall to around 226.9 with a further decline, so a short-term stop loss is required.
The RSI and Stoch RSI indicators are located in the overbought zone.
So, if you break out of the overbought zone, you need to know where you will find support and resistance.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** 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.
(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.)
---------------------------------
[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/
