BNB/USDT 4HInterval Review
Hello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price tried to break above the local upward trend line, but quickly returned below it.
After unfolding the trend based fib extension grid, we can see that we have a support zone from $207 to $204, then support at $201 and then at $199.
Looking the other way, you can see that we are in the resistance zone from $209 to $211, and then we have a second zone from $213 to $217.
Looking at the CHOP indicator, we see that most of the energy is exhausted, on the RSI indicator we are approaching the upper limit, which may reverse the price movement, and on the STOCH indicator we are also approaching the upper limit, which resulted in a deceleration of growth.
After unfolding the trend based fib extension grid, we can see that we have a support zone from $207 to $204, then support at $201 and then at $199.
Looking the other way, you can see that we are in the resistance zone from $209 to $211, and then we have a second zone from $213 to $217.
Looking at the CHOP indicator, we see that most of the energy is exhausted, on the RSI indicator we are approaching the upper limit, which may reverse the price movement, and on the STOCH indicator we are also approaching the upper limit, which resulted in a deceleration of growth.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.