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cryptodailyuk
Jan 30, 2024 6:30 PM

BNB/USDT 4HInterval Chart 

Binance Coin / TetherUS PERPETUAL CONTRACTBinance

Description

I invite you to review the BNB/USDT chart, on a four-hour interval. As you can see, the price remains above the local upward trend line.

Looking at the price increase, it is worth spreading the fib retracement grid, thanks to which you can see the price fighting in a strong resistance zone from $308 to $314, and then there is resistance at $322.

Looking the other way, there is support at $303, followed by a strong support zone from $293 to $287.

The RSI shows room for a price increase, and the STOCH indicator shows another increase, which may limit the room for increases.
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