BNB/USDT 4H Interval Review
I invite you to the third chart, this time BNB on a four-hour interval. As we can see, the price moved down from channel A of the uptrend, then the price moved in channel B of the downtrend, in which the low was higher than in channel A. Which gave us an upward exit from channel two and a move along the local uptrend line.
Using the trend based fib extension tool, we will check support places for the BNB price. And here you can immediately see that we have a support zone from $234 to $229, which is currently holding the price. However, when we fall below this zone, the price has a second very strong support zone from $221 to $216.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And similarly, we will mark two zones through which the price must pass in order to continue its growth. The first zone starts at the price of $238 and ends at the level of $242, when the price goes up from it, it will move towards the second zone at the levels of $247 to $253.
Here it is worth looking at the EMA cross 10 and 30, as we can see that the red line of the cross 10 ema is approaching the intersection of the green 30 from below, which should result in an uptrend change.
The CHOP index indicates that we have the energy to continue the move, the MACD indicates maintaining an uptrend, while the RSI is moving in an uptrend, with small rebounds, but there is room for the price to go higher in the current moves.
Using the trend based fib extension tool, we will check support places for the BNB price. And here you can immediately see that we have a support zone from $234 to $229, which is currently holding the price. However, when we fall below this zone, the price has a second very strong support zone from $221 to $216.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And similarly, we will mark two zones through which the price must pass in order to continue its growth. The first zone starts at the price of $238 and ends at the level of $242, when the price goes up from it, it will move towards the second zone at the levels of $247 to $253.
Here it is worth looking at the EMA cross 10 and 30, as we can see that the red line of the cross 10 ema is approaching the intersection of the green 30 from below, which should result in an uptrend change.
The CHOP index indicates that we have the energy to continue the move, the MACD indicates maintaining an uptrend, while the RSI is moving in an uptrend, with small rebounds, but there is room for the price to go higher in the current moves.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.