Hello everyone, let's take a look at the BNB to USDT chart within 1 day. As you can see, the price is moving in an uptrend channel marked with blue lines.
Let's start with the designation of the support line and as you can see the first support at which the BNB price is currently located is $ 407, if the support breaks down, the next is $ 392, and the next is $ 376.
Now let's move from the resistance line as you can see the first resistance is $ 455, if you can break it the next resistance will be $ 498 and $ 536.
Looking at the CHOP indicator, we can see that in the 1D interval we still have some energy to continue the movement.
Let's start with the designation of the support line and as you can see the first support at which the BNB price is currently located is $ 407, if the support breaks down, the next is $ 392, and the next is $ 376.
Now let's move from the resistance line as you can see the first resistance is $ 455, if you can break it the next resistance will be $ 498 and $ 536.
Looking at the CHOP indicator, we can see that in the 1D interval we still have some energy to continue the movement.