BNB/USDT 1H Review

Hello everyone, let's take a look at the BNB to USDT chart on a one hour time frame. As you can see, the price remains below the local downtrend line.

After unfolding the Trend Based Fib Extension grid, we see that the price remains at the support of $205.6, then we have support at $203.3, and then the support zone from $201 to $197.

Looking the other way, you can see the first resistance at $207.8, then the second resistance at $209.7, and then the resistance zone from $211 to $214.

Looking at the CHOP indicator, we see that the energy is gaining strength, while the STOCH indicator shows a rebound with room for further decline.