I invite you to review the BNBUSDT chart on the 1 day interval, as you can see the price was moving in the uptrend channel from which it came down.
And as you can see we are currently in the side trend channel marked with white lines, it is also worth adding that we are in its lower part, from which the price has rebounded several times.
Now let's move on to the line of support, and as you can see, the first support is at $ two hundred and seventy-two, the second is at $ two hundred and sixty-five, and the third is at $ two hundred and fifty-six.
Looking the other way, we will also determine the resistance lines that the price must overcome. We have the first resistance at two hundred and seventy-five dollars, the second resistance at two hundred and eighty-seven dollars, the second at two hundred and ninety-seven dollars, and three hundred and six dollars.
Please pay attention to the CHOP index, which indicates that we have a lot of energy, and the MACD indicator indicates a local upward trend.
And as you can see we are currently in the side trend channel marked with white lines, it is also worth adding that we are in its lower part, from which the price has rebounded several times.
Now let's move on to the line of support, and as you can see, the first support is at $ two hundred and seventy-two, the second is at $ two hundred and sixty-five, and the third is at $ two hundred and fifty-six.
Looking the other way, we will also determine the resistance lines that the price must overcome. We have the first resistance at two hundred and seventy-five dollars, the second resistance at two hundred and eighty-seven dollars, the second at two hundred and ninety-seven dollars, and three hundred and six dollars.
Please pay attention to the CHOP index, which indicates that we have a lot of energy, and the MACD indicator indicates a local upward 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.