[BNB] Clinton Daily Analysis June 19
24-hour trend [down]
[Buy and sell points]
Buy point 1: 580 USDT (near the previous low, there is strong support)
Buy point 2: 570 USDT (integer level, support level after further exploration)
Long stop loss point: 565 USDT (below buy point 2, to prevent false breakthroughs)
Sell point 1: 620 USDT (near the EMA7 and EMA30 moving average pressure level)
Sell point 2: 630 USDT (near the previous high, there is strong selling pressure)
Short stop loss point: 635 USDT (above sell point 2, to prevent false breakthroughs)
[Price trend analysis]
K-line pattern:
Recently, the price fluctuated between 600 and 700, with a large fluctuation. There was a significant plunge on June 10, 2024 (from 673.1 to 625.1), and the price rebounded in the following days, but it was still in a downward trend overall.
Technical indicators:
MACD: MACD value continues to be negative, and DIF and DEA are both diverging downward, indicating that the market is in a weak state. The MACD bar chart in recent days shows signs of weakening short-selling power.
RSI: RSI value hovers around 45 and has not entered the overbought or oversold area, indicating that the current market has no extreme sentiment, but is weak overall.
EMA: Short-term EMA (7) < medium-term EMA (30) < long-term EMA (120), showing a typical short-selling arrangement, indicating that the market is in a downward trend as a whole.
Trading volume:
Trading volume significantly increased from June 12 to June 13, 2024, accompanied by violent price fluctuations, indicating that market sentiment is intense. Trading volume has gradually decreased in recent days, indicating that market wait-and-see sentiment has increased and trading activity has decreased.
