BNB Short-Term Review Resistance and Support
Hello everyone, let's look at the BNB to USDT chart on a single day timeframe. As you can see, the price has fallen below the local uptrend line.
Let's start by setting the support line and as you can see the first support that is currently holding the price is $234.5, then the second is at the price of 232.5$, and then the third at the price of 230.9$.
Now let's move on to the resistance and trump BNB first has to break the zone from $237 to $238, then there is resistance at $239.5.
Looking at the CHOP indicator, we see that there is some energy left for the move, the MACD indicates an attempt to return to the local uptrend, and the RSI has approached the middle of the range, but there is still room for the price to rise.
Let's start by setting the support line and as you can see the first support that is currently holding the price is $234.5, then the second is at the price of 232.5$, and then the third at the price of 230.9$.
Now let's move on to the resistance and trump BNB first has to break the zone from $237 to $238, then there is resistance at $239.5.
Looking at the CHOP indicator, we see that there is some energy left for the move, the MACD indicates an attempt to return to the local uptrend, and the RSI has approached the middle of the range, but there is still room for the price to rise.