BNB/USDT 1HInterval Chart
I invite you to review the BNB chart. And here we can start by defining the downtrend line with the yellow line, then we can use the blue color to mark the upward trend channel in which the price moves at the lower border.
Let's now move on to the trend based fib extension grid, thanks to which we can see how the price is struggling with the support at $311, after breaking out from the bottom we can see support at the price of $304, and the support zone from $299 to $293 will be more important.
Looking the other way, we can use the mesh to check the places of resistance. And here we can see effective resistance at the price of $318, but when the price overcomes it, we can see an increase towards the strong resistance zone from $332 to $339.
As for the RSI indicator and the STOCH indicator, similar behavior can be seen here as in the case of BTC and ETH, because exceeding the upper limit on the STOCH indicator resulted in a rebound on the chart and the RSI indicator.
Let's now move on to the trend based fib extension grid, thanks to which we can see how the price is struggling with the support at $311, after breaking out from the bottom we can see support at the price of $304, and the support zone from $299 to $293 will be more important.
Looking the other way, we can use the mesh to check the places of resistance. And here we can see effective resistance at the price of $318, but when the price overcomes it, we can see an increase towards the strong resistance zone from $332 to $339.
As for the RSI indicator and the STOCH indicator, similar behavior can be seen here as in the case of BTC and ETH, because exceeding the upper limit on the STOCH indicator resulted in a rebound on the chart and the RSI indicator.