BNB / USDT 1D INTERVAL, Support and Resistance
Hello everyone, I invite you to a short overview of the situation of BNB to USDT on a 1-day interval. As you can see, we can boldly mark a channel in which the price moves sideways, despite the attempt to exit down and up, the price quickly returned to this channel.
Now let's move on to determining the supports and as you can see, the price is currently right at the support at the level of two hundred and ninety-two dollars, if the support is broken, we have another at the price of two hundred and seventy-six dollars, then at two hundred and sixty-three dollars and two hundred and forty-nine dollars at which once again the price has turned back.
As for the resistances that BNB needs to overcome first, we see that the first resistance is at $322, the second at $312, the third at $322 and the fourth at $329 which is close to the upper limit of our channel.
However, we can see that the energy is exhausted and despite the current decline, we remain in the local uptrend.
Now let's move on to determining the supports and as you can see, the price is currently right at the support at the level of two hundred and ninety-two dollars, if the support is broken, we have another at the price of two hundred and seventy-six dollars, then at two hundred and sixty-three dollars and two hundred and forty-nine dollars at which once again the price has turned back.
As for the resistances that BNB needs to overcome first, we see that the first resistance is at $322, the second at $312, the third at $322 and the fourth at $329 which is close to the upper limit of our channel.
However, we can see that the energy is exhausted and despite the current decline, we remain in the local uptrend.