3.14: (BNB) Binance Coin Market Analysis and Recommendations for Reference

CN
1 year ago

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The more diligent and hardworking you are, the more disciplined and outstanding you become. I am Zhou Yueying, focusing on the trend analysis of mainstream coins, providing insights into the market based on my own technical expertise.

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Looking at the daily chart of BNB, it rose by $100 yesterday, breaking through the upper rail with a large bullish candle. Currently, the market is being resisted at 634 and experiencing a slight retracement. The candlesticks are running above the Bollinger Bands, which are in an open state. The moving averages are in a bullish arrangement, and the MACD fast and slow lines are extending upwards with continuous volume bars. The KDJ is being resisted near the 100 value and turning downwards, so pay attention to the support near the 80 value. The VR index is consolidating near 300. Looking at the four-hour chart, the candlesticks are running around the lower side of the upper rail, and the Bollinger Bands are in a trumpet-like open state. The moving averages are extending upwards, and there are signs of a slight turn in the MACD fast and slow lines with a high-level crossover upwards. The volume bars are shrinking, and the KDJ is forming a crossover downwards near the 85 value, while the VR index is consolidating near the 150 value. Overall, the trend still remains strong, and the price has doubled this year. The short-term resistance above is focused on the previous high. Once broken, it will test the resistance at 650-670. The first support below is focused on 607, and the second support is focused on 590. Short-term operations can refer to this range.

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Article publication is subject to delays in review, and the market is ever-changing. The above suggestions are for reference only, and risks are self-assumed! The market changes drastically every day, and all I can do is to provide some weak assistance based on my many years of practical experience, guiding everyone's investment decisions and management in the right direction. Meeting is fate, and I am a person who believes in fate. If you have any doubts or unresolved issues in the coin circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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