Technical analysis by mmulutug about Symbol BNB on 7 hour ago

Your query requests to describe a color-based analysis of the #BNBUSD cryptocurrency pair, done with a special approach that uses arcs instead of traditional methods of technical analysis. Sources define this method, called "Spring" or "Trend Following with Spring Chain", as an unorthodox perspective that aims to follow trends in financial markets. Fundamentals of the Arc-Based Analysis Approach This analysis method is presented as an amateur interest that recognizes that support and resistance points and trend movements, which are the basic facts in technical analysis, are actually Arcs. 1. Main Purpose: It is aimed to determine the peaks and bottoms of trends by using arcs instead of traditional lines. 2. Spring Chain: It is stated that two springs of different colors are used to ensure trend following; One of them follows the peaks (tops) and the other follows the bottoms (troughs) and forms a continuous line. 3. Position of the Springs: It is believed that support and resistance zones can be revealed by positioning the springs correctly. This positioning can give an idea about the angle of the breakout from the bottom or the magnitude of the decline from the tops and narrow down the probability. 4. Formation: The spring, which shows movement from bottom to top or from top to bottom, is formed as a result of the second and third end points of the movement and the spring settling on an open base. The first move after a bottom or top move usually does not give a clue. 5. Psychological Effect: It has been stated that price movements in financial markets are greatly affected by investor emotions reflecting the psychological thresholds of buyers and sellers, and the arcs formed by movements after the peak or bottom region follow this trend. Interpreting Graphic Elements The sequence of colored arcs mentioned in your query are special markings that this arc-based analysis methodology uses to indicate different critical levels and movement directions in price. Although the sources do not clearly state what exactly these colors mean, they can be interpreted through the general support and resistance concepts and the use of bottom and top arcs: Graphic Element Possible Role in Technical Analysis (According to Spring Method) Resource Support Classic bow row It is the general name of the graphical arc method used for trend following and tracking peaks and bottoms (Arc Chain). Black blue striped bottom springs These arcs follow troughs in price. In technical analysis, it represents support levels (grounds), which are the levels at which the downtrend is thought to pause or the price tends to jump. red turning place Red usually signals a warning or significant pullback/reversal point in the markets. This may indicate a critical level where market conditions may change or an area where a support/resistance breakout should be awaited. green train yellow Trend (train) refers to the general direction of price movements. Green usually indicates an uptrend (bull trend). This statement could be an indication that the current uptrend determined by the arcs is continuing. Top springs inside melon These arcs follow peaks in price. In contrast to the support level, it represents resistance levels (ceiling) where selling pressure outweighs buying pressure and limits price increases. Important Note: This analysis is not offered as investment advice. Technical analysis is a method used to evaluate and predict future price movements. However, this specific "Sagittarius" method is an amateur technical analyst's attempt to find a chart pattern, and it should be noted that such data is not definitive, only a prediction or probability. During analysis, it is important to look for consolidations that indicate whether major players are taking positions and to remember that levels on larger time frames (such as weekly) are more reliable.