Hello everyone, let's take a look at the BNB to USDT chart over the 1 day timeframe as you can see the price is moving above the local trendline.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 278, if the support breaks down, the next one is $ 264 and $ 244.
Now let's move from the resistance line, as you can see, the first resistance that price is currently struggling with is $ 289, if you can break it, the next resistance will be $ 298, $ 306, $ 313 and $ 324.
Looking at the CHOP indicator, we can see that we still have a lot of energy in the 1-day interval, while the MACD indicator shows that we are in a local downward trend.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 278, if the support breaks down, the next one is $ 264 and $ 244.
Now let's move from the resistance line, as you can see, the first resistance that price is currently struggling with is $ 289, if you can break it, the next resistance will be $ 298, $ 306, $ 313 and $ 324.
Looking at the CHOP indicator, we can see that we still have a lot of energy in the 1-day interval, while the MACD indicator shows that we are in a local downward trend.