BNB / USDT 1D INTERVAL, Support and Resistance
Hello everyone, welcome to the BNB to USDT chart on a one-day interval. Let's start by marking with white lines the channel of the sideways trend in which the price is moving.
Now we will mark the trend line, which, as you can see, the price overcame.
Now let's check what support places we should consider for the near future and as you can see, we have the first support at $284, the second at $262, the third at $244 and the fourth at $227.
It is also worth highlighting the zone from $292 to $266, because this is a very strong area of demand and supply for BNB.
Now let's move on to determining the resistance points that the price must overcome on its way up. And here we see that the first resistance is at $302, the next resistance is at $312, then $320 and $328.
Moving on, we see that the CHOP index indicates that the energy is low but is slowly starting to increase, the MACD indicator indicates that we are close to entering a downtrend, and on the volume we see falling energy, but with a predominance of sellers.
Now we will mark the trend line, which, as you can see, the price overcame.
Now let's check what support places we should consider for the near future and as you can see, we have the first support at $284, the second at $262, the third at $244 and the fourth at $227.
It is also worth highlighting the zone from $292 to $266, because this is a very strong area of demand and supply for BNB.
Now let's move on to determining the resistance points that the price must overcome on its way up. And here we see that the first resistance is at $302, the next resistance is at $312, then $320 and $328.
Moving on, we see that the CHOP index indicates that the energy is low but is slowly starting to increase, the MACD indicator indicates that we are close to entering a downtrend, and on the volume we see falling energy, but with a predominance of sellers.