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November 19
Evening Analysis
BNB is currently located near 925, oscillating within the middle and lower bands of the Bollinger Bands. The price is operating near the middle band of the Bollinger Bands, indicating that short-term fluctuations are converging, and it is in a state of oscillation.
KDJ: The J value is at a low level, with the possibility of a rebound after being oversold, but a clear golden cross signal has not yet formed.
MACD: The green bars continue to decrease in volume, and there is a trend of convergence between DIF and DEA, indicating that the bullish and bearish forces are approaching a balance.
The price fluctuates repeatedly within the range of 920–941. If it can effectively break through the upper Bollinger Band at 941, it may open up upward space, continuing to look at 960; if it breaks below the lower Bollinger Band at 920, one should be wary of the risk of further decline towards the vicinity of 900. #BNB