A Gann matrix chart takes you to understand [$BNB ] support and pressure
1. Gann matrix basics:
The first step is to identify the application rules of BNB in the Gann matrix.
Through the historical review chart, the corresponding relationship between price dynamics and the matrix is clearly displayed.
2. Key price analysis:
The highest point 691: the peak of the previous bull market, after splitting, it is represented as 69 and 691 in the matrix, forming a double horizontal line pressure.
Note: 691 is adjacent to the 690 pressure level, and the fluctuation of the upper and lower grids is within the normal range.
Support level 211: The callback support point after the end of the bull market, the 21 and 211 angle lines form a double line support.
3. Price momentum zone:
The price rose to 669 and entered the interweaving area of long and short momentum.
This area resonates with the 69 pressure level and the 211 support level, forming an important price turning point.
4. Spatial conversion of time and price:
In the combination of Gann matrix wheel and time chart, time and price jointly form a spatial bottom conversion.
For detailed analysis, please refer to Figure 1, Figure 2 and Figure 3.
Summary: Through the detailed analysis of Gann Matrix, we can not only accurately locate the support and pressure points of BNB, but also capture the potential detonation points at the intersection of time and price. This method provides us with a powerful tool to gain in-depth insight into market dynamics and help us make more informed decisions in trading. #BNBChain与Telegram集成 #CZ平安归来
