【BNB】Clinton Daily Analysis June 5
24-hour trend [up]
【Buy and sell points】
Buy point 1: 650 USDT (reason: near the previous high point, and close to the EMA7 support level)
Buy point 2: 600 USDT (reason: integer level, and also the low point area of the previous band, with strong support)
Long stop loss point: 580 USDT (reason: 20 USDT below buy point 2 to avoid excessive retracement risk)
Sell point 1: 750 USDT (reason: integer level, psychological pressure level, and also a potential target level in the recent upward trend)
Sell point 2: 800 USDT (reason: higher integer level, further psychological pressure level)
Short stop loss point: 820 USDT (reason: 20 USDT above sell point 2 to prevent continued rise after breakthrough)
【Price trend analysis】
K-line pattern:
The recent K-line shows an obvious upward trend, especially the continuous positive closing in recent days. A long upper shadow line was formed on June 5, 2024, indicating that there is a certain selling pressure at a high level.
Technical indicators:
MACD: Both DIF and DEA diverge upward, and the MACD histogram continues to expand, showing a strong bullish trend. RSI: The RSI14 value is 79.8, which is in the overbought range, but there is no sign of a pullback yet. It is necessary to pay attention to whether it will continue to remain in the overbought area. EMA: The price has broken through and moved away from EMA7, EMA30 and EMA120. The short-term, medium-term and long-term moving averages are all in a bullish arrangement, with strong support.
Volume:
The volume has increased significantly in recent days, especially on June 4 and June 3, 2024, showing an increase in market participation. The volume decreased on June 5, 2024, but it remained at a high level, and we need to be vigilant about possible pullbacks.
