BNB recovers energy for the 4H interval.
Hi everyone, let's take a look at the BNB to USDT chart over the 4h timeframe.
Let's start by determining the downtrend line under which the price moves.
It is worth noting that the price recently fell to the current support at $ 391 and then rebounded and fluctuates between support and resistance. If we do not maintain the support at $ 391, the next one is at $ 378.
Looking in the other direction, we can mark the nearest resistance at $ 404, while breaking it will open the way to the second resistance at $ 412.
The CHOP indicator shows an increase in energy on the 4H interval and the flattening of the red and blue lines on the MACD indicator.
It is worth observing the entire market and the behavior of Bitcoin, which has a huge impact on the cryptocurrency market.
Let's start by determining the downtrend line under which the price moves.
It is worth noting that the price recently fell to the current support at $ 391 and then rebounded and fluctuates between support and resistance. If we do not maintain the support at $ 391, the next one is at $ 378.
Looking in the other direction, we can mark the nearest resistance at $ 404, while breaking it will open the way to the second resistance at $ 412.
The CHOP indicator shows an increase in energy on the 4H interval and the flattening of the red and blue lines on the MACD indicator.
It is worth observing the entire market and the behavior of Bitcoin, which has a huge impact on the cryptocurrency market.