BNB trying to reset the indicatorHello, traders.
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The StochRSI indicator is showing signs of falling below 50 even though it has not fallen much.
In order for the StochRSI indicator to be reset, it must touch the oversold zone.
When the StochRSI indicator is reset and rises in the oversold zone and becomes StochRSI > StochRSI EMA, it is expected to create an upward wave if it receives support and resistance points on the 1M, 1W, and 1D charts drawn on the chart.
The point of view is how BTC will reset the StochRSI indicator.
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Important support and resistance zones
- 578.4-595.0
- 496.0-498.3
The two zones above are important support and resistance zones.
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If it falls below 595.0, the M-Signal indicator on the 1D chart is rising near 578.4, so you should check whether it can be supported and rise near this area.
Therefore, the key point is where the StochRSI indicator enters the oversold zone or the BW indicator touches the lowest point (0).
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If it rises from 595.0,
1st: 606.7
2nd: 664.3
You should respond depending on whether there is support near the 1st and 2nd above.
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Have a good time.
Thank you.
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- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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