BNB-USDT 1D
Hello everyone, I invite you to review the BNB to USDT chart on a one-day time frame. As we can see, the lines of the main upward trend and the downward trend intersect, creating a triangle in which the BNB price remains.
Let's move on to determining support and here, after decomposing the FibRetracement tool, we see support at $548, then we have strong support at $513, and then very strong support at $455.
Looking the other way, we will define the resistances in a similar way and here we can see how the price has approached a very strong resistance around $620, only when we manage to go up from it we will be able to see an increase to around $723.
Let's move on to determining support and here, after decomposing the FibRetracement tool, we see support at $548, then we have strong support at $513, and then very strong support at $455.
Looking the other way, we will define the resistances in a similar way and here we can see how the price has approached a very strong resistance around $620, only when we manage to go up from it we will be able to see an increase to around $723.
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