BNB/USDT 1HInterval Resistance and Support SHORTTERM
Hello everyone, let's look at the BNB to USDT chart on a 1-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $311.8, if the support is broken then the next support is $308.6, $306.1 and $303.6.
Now let's move to the resistance line, as you can see the first resistance is $313.8, if you manage to break it, the next resistance will be $316.3. $318.4 and $320.4.
Looking at the CHOP indicator, we see that there is still energy left for further movement, the MACD indicates a local uptrend, while the RSI shows a large increase and a temporary price rebound.
Let's start with the support line and as you can see the first support in the near future is $311.8, if the support is broken then the next support is $308.6, $306.1 and $303.6.
Now let's move to the resistance line, as you can see the first resistance is $313.8, if you manage to break it, the next resistance will be $316.3. $318.4 and $320.4.
Looking at the CHOP indicator, we see that there is still energy left for further movement, the MACD indicates a local uptrend, while the RSI shows a large increase and a temporary price rebound.
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