Hello everyone, let’s take a look at the BNB to USDT chart over the one week timeframe. As you can see, the price is right next to the downtrend line.

Let’s start by highlighting the support as you can see, the first support is $ 387.3, the next one is at $ 309.5 and $ 211.8.

Now let’s move on to plotting the resistance line and as you can see the first resistance is $ 404.3, which is currently struggling with the price, the next resistance is $ 455.1, $ 496 and $ 536.9 on the so-called FIB gold point 0.618.

Looking at the CHOP indicator , we can see that in the 1-week interval we have a lot of energy to use for the upcoming move.