[BNB] Clinton Daily Analysis June 28
24-hour trend [down]
[Buy and sell points]
Buy point 1: 550 USDT (close to the previous low, and an integer mark, with strong support)
Buy point 2: 530 USDT (further down to a lower support level, while considering that EMA120 may provide support around 553.5)
Long stop loss point: 520 USDT (10 units lower than buy point 2, to prevent further decline after breaking important support)
Sell Selling point 1: 600 USDT (close to the recent high and EMA30 position, there is a large selling pressure)
Selling point 2: 620 USDT (the next pressure level after breaking through 600, and close to the previous high area)
Short stop loss point: 630 USDT (10 units higher than selling point 2, to prevent continued upward movement after breaking through important resistance)
[Price trend analysis]
K-line pattern:
The recent K-line shows a volatile downward trend, and the price gradually falls from the high of 610.8 to 576.6. There are many long upper shadows and long lower shadows, indicating that there are large differences in the market.
Technical indicators:
MACD: Both DIF and DEA are below the zero axis, and the MACD histogram is negative, indicating that the short-selling force is dominant, but there are signs of convergence. RSI: RSI14 value is 41.9, which is in the neutral and weak area, and has not entered the oversold range, and there is a certain possibility of rebound. EMA: EMA7 (580.0) < EMA30 (599.3) < EMA120 (553.5), both short-term and medium-term moving averages diverge downward, and the overall trend is still bearish.
Volume:
The volume has decreased in recent days, from a high of 356915 to 94390, indicating a decline in market activity. The volume is amplified when prices fluctuate violently, such as the sharp drop on June 24, 2024, which was accompanied by high volume.