Yesterday we analyzed #BNB from the weekly level, today we will explain it from the daily level.
Review: If the weekly level falls below the previous low, there is a high probability that MACD divergence and RSI divergence will occur.
More importantly: The RSI indicator entered the 💢oversold zone💢 for the first time on the weekly level💢
Let's take a look at the trend of #BNBUSDT at the daily level through the following chart:
1; Above the 30-day MA and below other moving averages
2. 60-day moving average pressure level: 261, 120-day and 200-day moving average pressure level around 295
3: MACD is about to reach the water level (0 axis) underwater
4. RSI is similar to K-line: narrow and oscillating upward
5: While the K-line is consolidating in a narrow range relative to the bottom, the volume below is increasing.
Summary: Consolidation is a good time to buy, hold the currency and wait for the price to rise. (Spot thinking) After 30MA crosses 200MA, the K line is above 200MA and the long market officially starts. Therefore, it is not easy to fill the position before reaching 200MA, to prevent the black swan event from causing the price to fall further, so as to have a position to operate.
Old rules: actual chart attached
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