readCrypto

The beginning of change to continue the mid- to long-term upward

BINANCE:BNBUSDT   Binance Coin / TetherUS
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(BNBBTC 1W Chart)
It is losing momentum as it falls below the 0.013926-0.014115 range.

However, if the price is maintained above 0.009485, it can be said that it is maintaining an upward trend from a mid- to long-term perspective.

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(BNBUSDT 1W Chart)
Strong support range: 179.2-243.5

Since the HA-High indicator is formed around 283.4, if the price is maintained above this point, it is highly likely to continue the mid- to long-term upward trend.

Therefore, whether it can rise above 332.4-353.3 is a key question.


The purple trend line is a trend line drawn on the 1M chart and indicates a long-term trend.

The long-term trend is looking to turn from down to up.

Therefore, as long as the price stays above 243.5 (and above 283.4 if possible) and does not fall below the downtrend line, we expect to establish a new long-term trend.

However, since the 1M chart's HA-High indicator is formed at 427.2, in order to continue the long-term uptrend, it must rise above 427.2 or shake up and down to make the 1M chart's HA-High indicator fall.



(1D chart)
The question is whether the price can hold above the +100 indicator, i.e. above 316.1.

The +100 indicator can be interpreted as the interpretation method for the +100 point of the CCI.

Therefore, if the price holds above the +100 indicator, it means that the short-term perspective has entered an uptrend.

In other words, you should be aware of volatility as it has entered the overbought zone.


The next period of volatility is around February 8th.

During this period of volatility, it is necessary to check whether the circle has broken through.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (www.tradingview.com/...shi-MS-Signal-HA-MS/).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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