BNB / USDT 1D INTERVAL, Support and Resistance
Hello everyone, let's take a look at the BNB to USDT one day chart. As you can see, the price is moving above the downtrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is two hundred and sixty dollars if the support is broken, the next support is two hundred and forty-two dollars and two hundred and sixteen dollars.
Now let's move to the resistance line, as you can see, the first resistance is two hundred and eighty-eight dollars, if you can break it, the next resistance will be three hundred and twenty dollars and three hundred and fifty-three dollars.
Please note the CHOP index which indicates that the energy has been used up, and the MACD indicator indicates that we can shift to an uptrend.
Let's start with the designation of the support line and as you can see the first support in the near future is two hundred and sixty dollars if the support is broken, the next support is two hundred and forty-two dollars and two hundred and sixteen dollars.
Now let's move to the resistance line, as you can see, the first resistance is two hundred and eighty-eight dollars, if you can break it, the next resistance will be three hundred and twenty dollars and three hundred and fifty-three dollars.
Please note the CHOP index which indicates that the energy has been used up, and the MACD indicator indicates that we can shift to an uptrend.
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