BNB / USDT 1D INTERVAL, Support and Resistance
Hello everyone, welcome to the chart review of BNB vs USDT on a single day timeframe, as we can see the price of BNB, which previously formed a rounding bottom pattern, in line with the pattern, came out above breaking the resistance level.
As we can see, the exit level of the rouding bottom in this situation is the first price resistance we are fighting, then we have the resistance at $309 and $331, which can be targeted in the event of a positive exit from the top of the pattern.
However, should the price rebound from the $290 level, we can mark several support areas, starting at the $275 level, then $265, $256 and the strong support zone from $247 to $238.
The CHOP index indicates depleted energy, the MACD confirms an uptrend, the RSI is moving at the upper end of the range, however when we look at the EMA Cross 10 and 30, we can see that the 10 has crossed the 30 from the bottom, which is confirmation of an uptrend.
As we can see, the exit level of the rouding bottom in this situation is the first price resistance we are fighting, then we have the resistance at $309 and $331, which can be targeted in the event of a positive exit from the top of the pattern.
However, should the price rebound from the $290 level, we can mark several support areas, starting at the $275 level, then $265, $256 and the strong support zone from $247 to $238.
The CHOP index indicates depleted energy, the MACD confirms an uptrend, the RSI is moving at the upper end of the range, however when we look at the EMA Cross 10 and 30, we can see that the 10 has crossed the 30 from the bottom, which is confirmation of an uptrend.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.