BNB / USDT 1D INTERVAL, Support and Resistance
Hello everyone, let's take a look at the BNB to USDT chart on a one day timeframe. As you can see, the price is moving above the local 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 $ 260, if the support breaks down, the next support is $ 242 and $ 216.
Now let's move from the resistance line as you can see the first resistance is $ 275, if you can break it the next resistance will be $ 287 and $ 297 plus $ 307.
Looking at the CHOP indicator, we can see that we have a lot of energy in the one-day interval, while the MACD indicator shows a local downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 260, if the support breaks down, the next support is $ 242 and $ 216.
Now let's move from the resistance line as you can see the first resistance is $ 275, if you can break it the next resistance will be $ 287 and $ 297 plus $ 307.
Looking at the CHOP indicator, we can see that we have a lot of energy in the one-day interval, while the MACD indicator shows a local downward trend.
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