Hello everyone, let's take a look at the BNB to USDT chart within 1 day. As you can see, price is moving above the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 424, if the support breaks down, the next one is $ 404 and $ 388.
Now let's move from the resistance line, as you can see, the first resistance is $ 456, if you manage to break it, the next resistance will be $ 497 and another one at the so-called fibretracement gold point of $ 538 = FIB 0.618.
Looking at the CHOP indicator, we can see that in the 1D interval the energy slowly begins to gain strength.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 424, if the support breaks down, the next one is $ 404 and $ 388.
Now let's move from the resistance line, as you can see, the first resistance is $ 456, if you manage to break it, the next resistance will be $ 497 and another one at the so-called fibretracement gold point of $ 538 = FIB 0.618.
Looking at the CHOP indicator, we can see that in the 1D interval the energy slowly begins to gain strength.