BNB / USDT 1D INTERVAL, Support and Resistance
Hello everyone, I invite you to review the BNB chart as before, taking into account the one-day interval. As we can see, despite the correction, the price is still moving in the uptrend channel.
Let's start by marking the support spots for the price and we see that we first have a support zone from $310 to $293, however, if the price goes lower, we have another support at $279, then a second support zone from $265 to $245.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price failed to break the resistance at $331. We continue to have strong resistance at $361, once the price breaks it, it will move towards resistance at $398.
The CHOP index indicates that we have a lot of energy, the MACD indicates the entry into a downward trend, while the RSI can see a strong rebound.
Let's start by marking the support spots for the price and we see that we first have a support zone from $310 to $293, however, if the price goes lower, we have another support at $279, then a second support zone from $265 to $245.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price failed to break the resistance at $331. We continue to have strong resistance at $361, once the price breaks it, it will move towards resistance at $398.
The CHOP index indicates that we have a lot of energy, the MACD indicates the entry into a downward trend, while the RSI can see a strong rebound.