Hello everyone, let's take a look at the BNB to USDT chart on a 1 day time frame and as you can see the price is moving below the downtrend line.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 198, if the support breaks down, the next one is $ 173 and $ 145.
Now let's move from the resistance line as you can see the first resistance is $ 229, if you can break it the next resistance will be $ 250, $ 267 and $ 284.
Looking at the CHOP indicator, we can see that on the 1-day interval the energy slowly begins to spread and the MACD indicator shows a downward trend.
Let's start with the designation of the support line and as you can see the first support where the price is currently at is $ 198, if the support breaks down, the next one is $ 173 and $ 145.
Now let's move from the resistance line as you can see the first resistance is $ 229, if you can break it the next resistance will be $ 250, $ 267 and $ 284.
Looking at the CHOP indicator, we can see that on the 1-day interval the energy slowly begins to spread and the MACD indicator shows a downward trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.