Binance Coin / TetherUS

Daily BNB 4HChart - resistance and support

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Hello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving in a triangle marked with yellow lines.

Let's start with the support line and as you can see the first support in the near future is $305, if the support is broken then the next support is $300 and $292.

Now let's move on to the resistance line, as you can see the first resistance is $310, if you manage to break it, the next resistance will be $317 and $326.

Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD is on the verge of entering a local uptrend, while the RSI is moving in the lower part of the range, which gives room for price growth.

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