BNB/USDT 1H Interval Review
Hello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price has moved sideways from the local uptrend line.
After unfolding the trend based fib extension grid, we see that the price is in the support zone from $216 to $213, then there is support at $211, third support at $209, and then support at $205.
Looking the other way, we see that first there is a resistance zone from $217 to $220, then resistance at $222, then resistance at $224, then resistance at $228.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, we have a rebound on the RSI and although there is room for further decline, when we look at the STOCH indicator, we can see that the energy in the downward move has been used, which may give the price a rebound.
After unfolding the trend based fib extension grid, we see that the price is in the support zone from $216 to $213, then there is support at $211, third support at $209, and then support at $205.
Looking the other way, we see that first there is a resistance zone from $217 to $220, then resistance at $222, then resistance at $224, then resistance at $228.
Looking at the CHOP indicator, we see that there is a lot of energy for the upcoming move, we have a rebound on the RSI and although there is room for further decline, when we look at the STOCH indicator, we can see that the energy in the downward move has been used, which may give the price a rebound.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.