Hi, Today we are going to do a short BNB / USDT analysis on the 1D Interval.

Let’s start by marking the downtrend line with a blue line.

Moving on, it is worth highlighting in purple the current BNB support line which is $ 363.3 based on fibretracement, the next support is $ 346.3 and $ 324.6.

To determine the resistance, we will use the fibretracement tool and the red line, looking at the price, on a 1 day interval that the first resistance is at $ 385 and the next $ 399.2, $ 419.9 and $ 446.4.

Please pay attention to the CHOP indicator , which indicates that on the 1 day interval the BNB has accumulated a lot of energy for the next move.
Please be especially careful and watch the entire market.