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Binance Coin (BNB) – October 14 for BINANCE:BNBUSDT by readCrypto

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( BNBUSDT 1W Chart) – Mid-Long-Term Perspective

186.1-211.7 or higher: Expected to create a new wave.

(1D chart)

Resistance range: 526.6-588.0

Support section: 296.0-390.1

If the price is maintained above the 471.6 point, it is expected that this will lead to an attempt to break above the resistance zone .

The support section is indicated as the 296.0-390.1 section, but if it declines from the 390.1 point, it is expected to touch the 296.0 point, so a short-term stop loss is required.

If the average purchase price is below the 296.0 point, you can think of it as checking the flow.

If it rises from 296.0-390.1 with a sharp rise, you can see that a support zone is formed.

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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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.

(Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)

** 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.)

** 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.)

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