BNB/USDT 1DInterval Resistance and Support
Hello everyone, I invite you to review the chart of BNB in pair to USDT, on a one-day timeframe. First, we will use the blue lines to mark the sideways trend channel in which the price is currently moving.
Going further, we can move on to marking the places of support when we start the correction. And here, in the first place, it is worth marking the support zone from $ 293 to $ 282, then we have support at the price of $ 264, and the third support at the price of $ $ 245.
Looking the other way, we see that the price bounces off the first resistance at $309. However, if it manages to overcome it, we have the second resistance at $330, the third at $360, and then the fourth at $398.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are moving in a downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction.
Going further, we can move on to marking the places of support when we start the correction. And here, in the first place, it is worth marking the support zone from $ 293 to $ 282, then we have support at the price of $ 264, and the third support at the price of $ $ 245.
Looking the other way, we see that the price bounces off the first resistance at $309. However, if it manages to overcome it, we have the second resistance at $330, the third at $360, and then the fourth at $398.
Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are moving in a downtrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction.
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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.