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BINACE CHART ANALYSIS
Select time frame (Timeframe)
You can choose different time frames from 1 minute (1m) to 1 month (1M). Short time frames (like 1m, 5m, 15m) are suitable for short-term trading (day trading). Timeframes longer (like 1D, 1W) is suitable for long-term trading (swing trading or long-term investing)
2. Add technical indicators (Technical Indicators)
Click the âIndicatorsâ icon on the chart toolbar.
Choose popular technical indicators such as:
Moving Averages (MA): SMA, EMA
Relative Strength Index (RSI)
MACD (Moving Average Convergence Divergence)
Bollinger Bands
Each indicator can be customized to your liking (e.g. change the MA period).
3. Draw trend lines (Trend Lines)
Use the âTrend Lineâ tool to draw trend lines connecting important high/low points on the chart.
Trend lines help determine the direction of price (up, down or sideways).
4. Identify support and resistance levels (Support and Resistance)
Support Level: The price level that the asset tends not to fall below.
Resistance Level: Price level that the asset tends not to surpass.
Draw horizontal lines at these price levels for easy viewing.
5. Analyze chart patterns (Chart Patterns)
Look for candlestick patterns like Hammer, Doji, Engulfing, and reversal patterns.
Look for chart patterns like Head and Shoulders, Triangles, Flags, and Pennants.
6. Perform trading volume analysis (Volume Analysis)
Trading volume indicates the level of activity of buyers and sellers.
Use the volume indicator to view volatility and confirm price trends.
Add Technical In
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