BNB/USDT Short-Term 1H
Hello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price is moving above the local uptrend line.
After unfolding the trend based fib extension grid, you can see support at $311, and then a support zone from $299 to $293.
Looking the other way, strong resistance appears at $324, followed by a resistance zone from $338 to $345.
The RSI indicator is recovering with room for further decline, while the STOCH indicator has a temporary rebound, which keeps the price falling.
After unfolding the trend based fib extension grid, you can see support at $311, and then a support zone from $299 to $293.
Looking the other way, strong resistance appears at $324, followed by a resistance zone from $338 to $345.
The RSI indicator is recovering with room for further decline, while the STOCH indicator has a temporary rebound, which keeps the price falling.
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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.