Hello everyone, let's take a look at the BNB to USDT chart on a 4-hour time frame. As you can see, the price has returned below the downtrend lines.
When we unfold the Trend Based Fib Extension grid, we will see a support zone created from $24 to $241, while it is worth marking the support level at $231.8.
Looking the other way, we have significant resistance at $248.6, but it is worth defining the resistance zone from $253.8 to $257.5.
Looking at the CHOP indicator, we see that there is still energy for a new move, on the RSI indicator we have a rebound with room for further declines, while on the STOCH indicator we are approaching the lower limit, which could have resulted in a temporary deceleration of the correction.
When we unfold the Trend Based Fib Extension grid, we will see a support zone created from $24 to $241, while it is worth marking the support level at $231.8.
Looking the other way, we have significant resistance at $248.6, but it is worth defining the resistance zone from $253.8 to $257.5.
Looking at the CHOP indicator, we see that there is still energy for a new move, on the RSI indicator we have a rebound with room for further declines, while on the STOCH indicator we are approaching the lower limit, which could have resulted in a temporary deceleration of the correction.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.