BNB/USDT 4HInterval Resistance and Support
Hello everyone, let's look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price is moving below the local uptrend line.
Let's start with the support line and as you can see the first support in the near term is $ 326.8, if the support is broken then the next support is $ 321.2, $ 313.4 and $ 303.2.
Now let's move on to the resistance line, as you can see the first resistance is $ 334.4, if you manage to break it, the next resistance will be $ 340.5, $ 346.7 and $ 355.
Looking at the CHOP indicator, we see that the energy is gaining more and more strength, the MACD indicates a local uptrend return, while the RSI also has a rebound.
Let's start with the support line and as you can see the first support in the near term is $ 326.8, if the support is broken then the next support is $ 321.2, $ 313.4 and $ 303.2.
Now let's move on to the resistance line, as you can see the first resistance is $ 334.4, if you manage to break it, the next resistance will be $ 340.5, $ 346.7 and $ 355.
Looking at the CHOP indicator, we see that the energy is gaining more and more strength, the MACD indicates a local uptrend return, while the RSI also has a rebound.