Daily BNB 4HChart - resistance and support
Hello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving in a triangle marked with yellow lines.
Let's start with the support line and as you can see the first support in the near future is $305, if the support is broken then the next support is $300 and $292.
Now let's move on to the resistance line, as you can see the first resistance is $310, if you manage to break it, the next resistance will be $317 and $326.
Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD is on the verge of entering a local uptrend, while the RSI is moving in the lower part of the range, which gives room for price growth.
Let's start with the support line and as you can see the first support in the near future is $305, if the support is broken then the next support is $300 and $292.
Now let's move on to the resistance line, as you can see the first resistance is $310, if you manage to break it, the next resistance will be $317 and $326.
Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD is on the verge of entering a local uptrend, while the RSI is moving in the lower part of the range, which gives room for price growth.
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