Will BNB be able to break the resistance at $ 311?
Hello everyone, let's take a look at the BNB to USDT chart on a 1 day time frame. As you can see, the price is moving below 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 $ 291, if the support breaks down, the next one is $ 277 and $ 266.
Now let's move from the resistance line as you can see the first resistance is $ 311, if you can break it the next resistance will be $ 339 and $ 368.
Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, but after the rebound, the MACD indicator shows that the blue line has crossed the red one from the bottom, which may be a confirmation of the trend change.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 291, if the support breaks down, the next one is $ 277 and $ 266.
Now let's move from the resistance line as you can see the first resistance is $ 311, if you can break it the next resistance will be $ 339 and $ 368.
Looking at the CHOP indicator, we can see that the energy has been used in the 1-day interval, but after the rebound, the MACD indicator shows that the blue line has crossed the red one from the bottom, which may be a confirmation of the trend change.